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As with other types of loans, the overall cost of a car loan comes down to one major factor: the annual percentage rate. The APR includes both interest and lender fees, expressed as a percentage.
For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. ... If it’s below 620, consider a bad credit personal loan instead. Auto loan calculator.
The tax horsepower or taxable horsepower was an early system by which taxation rates for automobiles were reckoned in some European countries such as Britain, Belgium, Germany, France and Italy; some US states like Illinois charged license plate purchase and renewal fees for passenger automobiles based on taxable horsepower.
An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.
Two common definitions used today are the imperial horsepower as in "hp" or "bhp" which is about 745.7 watts, and the metric horsepower as in "cv" or "PS" which is approximately 735.5 watts. The electric horsepower "hpE" is exactly 746 watts, while the boiler horsepower is 9809.5 or 9811 watts, depending on the exact year.
A typical turbocharged V8 diesel engine might have an engine power of 250 kW (340 hp) and a mass of 380 kg (840 lb), [1] giving it a power-to-weight ratio of 0.65 kW/kg (0.40 hp/lb). Examples of high power-to-weight ratios can often be found in turbines.