Plan Your New or Used Car Purchase With cPort’s Loan and Savings Calculators

Buying a car is an exciting milestone, but it’s also a major financial decision that requires careful planning. Whether you’re purchasing your first vehicle or upgrading to a new model, cPort Credit Union provides easy-to-use loan and savings calculators to help you make informed decisions. These tools can help you estimate monthly payments, determine how much you need to save, and ensure your car purchase fits comfortably within your budget. 

Step 1: Use the Loan Calculator to Estimate Your Monthly Payment 

Before heading to a dealership, it’s important to understand how much you can afford in monthly payments. cPort’s loan calculator allows you to enter key details such as: 

• Loan amount 

• Interest rate 

• Loan term (number of months) 

Once you input these numbers, the calculator will estimate your monthly payment, giving you a clearer picture of what to expect. You can play around with different loan terms and amounts to find a payment plan that works best for your budget. 

Step 2: Factor in Your Savings with the Savings Calculator 

If you’re planning to make a down payment or save for additional car-related expenses (like insurance, registration, or maintenance), cPort’s savings calculator can help you set a savings goal. Simply enter: 

• Your savings goal amount 

• Your current savings balance 

• How much you plan to contribute each month 

• Your estimated savings account dividend rate (if applicable) 

The calculator will show you how your savings can grow over time, helping you determine how much to set aside before making your purchase. 

Step 3: Compare Different Financing Scenarios 

Not sure whether you should make a larger down payment or opt for a longer loan term? By using both the loan and savings calculators, you can compare different financing scenarios to see how they impact your budget. A larger down payment may reduce your monthly loan payment, while a shorter loan term may help you save on interest. 

Step 4: Get Pre-Approved with cPort Credit Union 

Once you have a clear idea of your budget, consider getting pre-approved for an auto loan with cPort Credit Union. Pre-approval can give you a stronger negotiating position at the dealership and ensure you get a competitive rate. 

Start Planning Today! 

Using cPort’s loan and savings calculators is a smart way to prepare for your car purchase. By understanding your financing options, you’ll be able to shop with confidence, knowing you’re making the best financial decision for your situation. 

Ready to get started? Explore our loan calculator and savings calculator today! 

3/24/25