Reviewer, 2010-07-01 11:33:00

Diverse types of calculators have existed since time immemorial for mathematical assistance and related help. Further, the computer systems have provided ample help for the said purpose with the varied software created for specialized purposes and most commonly used by financial institutions like banks etc. for mortgage and loans and other financial help and calculation. Since the introduction of flexible debt facility like the loans, it has become immensely simple to own a personal vehicle and different banks offering different plans have made it even easier for the potential customer to pick and choose and go for the most apt offer. Loan calculators have made it simple to calculate the amount payable over a period of time and Auto Loan Calculator for Excel 1.0 comes across as an efficient utility for the said calculations.

Auto Loan Calculator for Excel 1.0 opens with a neatly arranged interface with the chief options placed at the top pane and intuitively arranged options are placed that systematically list the date and payable amount for user convenience. This cost effective utility allows the user to estimate the amount required while making an auto purchase; creating a loan payment schedule with options for extra payments and analysing different loan options. The Auto Loan Calculator worksheet assist the user in estimating the amount required for finance based on numerous factors like sales price, registration and other charges along with state sales tax and others. The Payment Calculator worksheet creates amortization schedules based on the loan amount, the interest rate applicable along with frequency of the payments made; thus facilitating quick analysis.

As per the afore-stated features and benefits, Auto Loan Calculator for Excel 1.0 certainly proves to be an effective utility for measuring the loan estimates and hence gets a rating score of 4.5 points for its stellar performance and functionalities.