Service Alert: Greater Nevada will undergo planned maintenance from 9:00 PM PT on Saturday, November 23, through 1:00 AM PT on Sunday, November 24. Access to accounts may not be available through Greater Nevada Digital Banking and some features may have a minor delay or will not be available until finished. Members can withdraw money from an ATM, but some features will not be available until finished. We apologize for any inconvenience this may cause.

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Auto Loan Calculator

Buy vs. Lease Car Loan Calculator

Considering getting into a new car but aren’t sure whether you should purchase a vehicle or lease one? We’ll help you make an informed decision with tools like our auto loan calculator.

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Car Loan Calculator From Greater Nevada Credit Union

When it comes to auto loans, there are a couple of questions to answer right off the bat. For instance, does it make better sense to buy or lease a new vehicle?

That depends on some factors, such as the total cost and residual value of the car you intend to purchase (i.e. how much the car is worth), the amount of money you pay up front as a down payment and the cost of financing. A lease will usually be a more attractive option when compared to a vehicle purchase when factoring in monthly lease payments and when measured over a comparable term. Keep in mind that with a lease, you will have to return the vehicle at the end of the lease term, whereas if you buy, you will own the vehicle and will be able to continue driving it after the term expires.


You can also explore our other financial calculators from GNCU.

Calculate Your Car Loan

Calculating car loans is a snap with our handy calculator tool. Use the resources below to get a clearer picture of what to expect with your Greater Nevada auto loan experience.

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Car Loan Rates
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Car Loan Requirements

Terms & Definitions

Interest Rate

Interest rate is the rate, generally calculated annually, you will pay above and beyond the principal loan amount. You will usually hear this figure cited as APR or annual percentage rate. Low interest rates are reserved for buyers with excellent credit, while higher interest rates often apply to those with poorer credit. See our current rates here.

Loan Terms

Simply put, these are the terms and conditions you agree to when taking out a loan from a financial institution such as Greater Nevada. For instance, if you take out an auto loan, factors such as the amount financed, the interest rate, the length of repayment schedule, etc. are all considered terms of the loan. 

Down Payment

Generally, when purchasing a vehicle, a buyer puts a certain amount of money down to offset the overall cost and to help reduce monthly payments. Higher down payments result in less money needing to be borrowed with interest, whereas lower down payments could lead to paying more for your vehicle in both the short and long term. 

Purchase Price

The purchase price is the total cost to purchase the vehicle you’re borrowing money for. The lower the purchase price, the smaller your monthly payments will be. The higher the purchase price, the higher your payments will be unless you are able to make a substantial down payment ahead as part of the loan. 

Additional Online Calculators

Discover more tools from Greater Nevada to help you run test scenarios on your monthly payments on loans, forecasting a budget for your home, and other important financial topics.

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Simple Loan Calculator

Applying for a basic loan? Calculate your monthly payment with this handy tool.

Simple Loan Calculator
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Debt Consolidation Calculator

Are you looking for a way to manage your debts more effectively? This free calculator is a great place to start!

Debt Consolidation Calculator
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Bi-Weekly Loan Payments Calculator

Want to make half your loan payments every two weeks? See how much you can save.

Bi-Weekly Loan Payments Calculator
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Mortgage Refinance Savings Calculator

See a before-and-after comparison of your current home loan versus your possible future refinanced home loan

Mortgage Refinance Savings Calculator
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High-Yield Account Calculator

Let your money work for you while you relax. The more you save, the more interest you can earn, helping your money grow faster.

High-Yield Account Calculator
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CD Calculator

Estimate your earnings on fixed-rate, fixed-term Share Certificates (CDs).

CD Calculator
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Simple Savings Calculator

Putting your money into a savings account that earns interest is like planting a magic seed that grows into more money over time!

Simple Savings Calculator
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Budget Calculator

Analyze your spending and tame your expenses with this handy household cash flow calculator.

Budget Calculator
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Savings Goal Calculator

See how long it will take you to save up for a specific goal with this calculator.

Savings Goal Calculator
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Apply For a Loan From Greater Nevada Credit Union Today

Have your eyes on a new ride? Upgrade comfortably with an affordable auto loan from a local lender you can trust.

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This calculator is intended solely for general information and educational purposes. Greater Nevada Credit Union does not guarantee the accuracy of the calculations. The calculator is not intended in any way as financial, insurance, tax or legal information regarding your financial situation.

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