Calculators are provided as tools for your use in researching and comparing vehicle purchasing options within Sam’s Car Buying Program. Please be aware that Sam’s Car Buying Program does not guarantee the accuracy of the results generated by these tools, and it is strongly recommended that you seek personalized advice from qualified professionals who can assist you with your individual financial situation and car buying needs. All tools and calculators are examples and are for illustrative purposes only within Sam’s Car Buying Program. Your final payment, interest rate, loan amount, and/or applicable fees within Sam’s Car Buying Program are unknown and all calculations are estimates only. When calculators are integrated within Sam’s Car Buying Program resources, certain assumptions may be utilized, including, but not limited to the examples provided below.
Home Affordability Calculator
Estimating Your Car Affordability with Sam’s Program
Within Sam’s Car Buying Program, we offer tools to help estimate your car affordability.
Assumptions
Estimated annual vehicle property tax is 1.14% (based on regional averages and may vary). Estimated annual vehicle insurance cost is $800 (national average, individual rates will differ). Annual vehicle association dues are $0 (not typically applicable to car buying). Loan term is typically 60 months but options may vary. This estimate includes potential private auto loan insurance (if applicable based on credit and loan terms). These are examples only and are not guaranteed amounts for any specific location or individual situation under Sam’s Car Buying Program. Estimated taxes and insurance amounts will adjust using the above assumptions when a new vehicle purchase price or estimated vehicle value is entered into the tool, but this is not a guarantee of actual amounts for any particular vehicle or purchase scenario within Sam’s Car Buying Program.
Rent or Buy Calculator
Lease vs. Buy Analysis within Sam’s Car Buying Program
Sam’s Car Buying Program assists you in making informed decisions, including whether leasing or buying a vehicle is the right choice for you. Our “Lease vs. Buy” calculator helps analyze this critical decision.
Assumptions
Lease amount includes assumed lease payments over the lease term (you input into the calculator) and lease-related insurance costs (based on national averages for comparable coverage in 2013 – averages updated regularly). Loan term for the ‘buy’ scenario is 60 months as a standard comparison. Property tax assumption is 1% of the vehicle value annually (may vary by location). Annual vehicle association (HOA) dues being set at $100 (not typically applicable but included for comprehensive cost consideration). Maintenance costs for owning a vehicle are assumed at 2% of vehicle value annually. A personal tax rate of 33% is factored into certain calculations (may vary based on individual tax bracket). The calculator assumes vehicle depreciation of 15% annually for owned vehicles and a lease-end residual value that aligns with typical lease terms. The cost of selling a vehicle is estimated at 8% of the sales price, based on national averages for potential reconditioning, and dealer/private sale fees. The rate of return on investments after tax is assumed at 5% pursuant to 2013 statistics (investment return rates are subject to market fluctuations and are for illustrative comparison).
Mortgage Checkup Calculator
Vehicle Loan Checkup Tool in Sam’s Car Buying Program
The Vehicle Loan Checkup and calculators within Sam’s Car Buying Program are tools to assist your research and comparison of vehicle financing products. These are not intended to be financial advice of any kind. Sam’s Car Buying Program and its providers do not guarantee the accuracy of the results, and you should seek individualized advice from qualified financial professional(s) who can assist you with your personal circumstances and vehicle financing needs. All tools and calculators are deemed examples and are for illustrative purposes only.
Reverse Mortgage Calculator
Estimating Trade-In Value and Financing Options with Sam’s Program Tools
This calculator within Sam’s Car Buying Program is for illustrative purposes only and uses estimated rates, terms, origination fees, and potential financing pre-payment scenarios based on information gathered from partner networks. This calculator and any financing options presented through Sam’s Car Buying Program are not intended to be investment advice, or a recommendation by Sam’s Car Buying Program, as accuracy of results cannot be guaranteed. Private auto loan insurance may be required, and estimates are used in calculations, but the calculator does not include vehicle registration fees and local taxes, which are required to be paid throughout the duration of a vehicle loan. Rates vary by lender, by state, and on the consumer’s loan-to-value ratio and personal financial situation. Terms and Conditions Apply and vary per lender, so always ask each lender about available costs, fees, and terms specific to your personal financial situation when using Sam’s Car Buying Program.
The Trade-In Value and Financing Estimator within Sam’s Car Buying Program is an estimate only and not an offer of credit by any one Lender. Financing options require meeting lender criteria. It is essential to understand your financial obligations. Consulting with a qualified financial advisor is recommended to discuss all of your vehicle purchasing and financing options in detail when using Sam’s Car Buying Program.
Vehicle loan rate quotes displayed within Sam’s Car Buying Program tools, including loan pricing data, rates, and fees, are provided by third-party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc. These providers ensure up-to-date market data to enhance the accuracy and utility of Sam’s Car Buying Program’s resources.
