If you have seem many of your friends struggling to pay the car loan then it is time for you to understand the mistake that they have done in understanding the terms and conditions that are embedded in the loan document that they have signed blindly assuming that everything would be as promised to them. Just be cautious about the lenders that would make you sign wrong documents. Make sure that the numbers that they show you using the Car Loan Calculator are also written in the document. When you have questions about how to use this calculator by self you could do some calculations using this calculator so that you get the chance of knowing every single truth that is hidden behind the car loans that many agents are proposing you.
You just have to be very cautious about the car loan that you are planning to take as you would be paying the loan amount every month from the hard earned salary that you would be paid towards the month end. You may be getting this salary only after having struggled for 30 days which you would have to empty in just couple of days. Especially most of the employees regret while paying the installment for the loans that they have taken for either buying the car or for buying the house. Hence is the reason you should and must understand the need for cross verifying every single detail that is provided to you by using the calculator. When you use the calculator you would come to know whether the installment amount is matching with the interest rate that is charged on the capital amount that is lend to you for a certain tenure. Hope you now have a better picture of why you should use the calculator.