Auto Loan/Lease Calculator may or may not worth the money or the space

Aug 30, 2009
Finance

Car shoppers looking for an easy way to price out a purchase should think twice about Auto Loan/Lease Calculator. For business-savvy users, this app might be something spectacular. But for the everyday Joe (or people like me who aren’t the best at math), this app fails to deliver. Auto Loan/Lease Calculator enables users to enter trade-in […]

Car shoppers looking for an easy way to price out a purchase should think twice about Auto Loan/Lease Calculator. For business-savvy users, this app might be something spectacular. But for the everyday Joe (or people like me who aren’t the best at math), this app fails to deliver.

Auto Loan/Lease Calculator enables users to enter trade-in details alongside additional data points to calculate their rate. This business app’s reverse function allows users to shop for a car based on the amount of money they can afford for a monthly payment.

Though this app has an easy-to-use interface, Auto Loan/Lease Calculator neglects to include additional fees incurred when purchasing a new car, including license plate transfer fee or new plate and sticker costs.

The developers have included an option to change the color of the Auto Loan/Lease Calculator by shaking your iPhone or iPod touch.   

The most accessible thing about Auto Loan/Lease Calculator is the research function.  It does provide business app users with the option to connect to Autoblog.com and Cars.com. 

Another downfall of this app is its ability to compare loans for multiple cars.  Auto Loan/Lease calculator users must record data to compare price options. 

Those who thoroughly understand car shopping may benefit from downloading the Auto Loan/Lease Calculator app.  However, it may be a better option for salesmen to assist their customers in a quick and efficient manner. 

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