Tempe, AZ -- (SBWIRE) -- 01/17/2012 -- The new year is here, and across the country millions of people are setting goals that they would like to accomplish in 2012. For many, these resolutions involve finally getting rid of their old, unreliable vehicle and replacing it with a new or “new to them” car or truck.

This is also the time of year when car dealerships are looking to clear out last year’s inventory for the 2012 vehicles, so for those who are wanting to buy a new car, this can be an exceptionally great time to do so.

But for many, knowing that they need a new vehicle and knowing how much they can afford to pay for one each month are two entirely different things. Most financial experts suggest that people not pay more than about 36 percent of their monthly income on all debts, so before heading to the dealership to test drive a car or truck, it is definitely a good idea to have an idea of how much one can afford to pay.

A website has been getting a lot of attention lately for its variety of free and helpful online tools that can help consumers determine not only how much they would be able to pay for a car, but also how much the monthly payments would be—either for a vehicle they are purchasing outright or one they are planning to lease.

CarLoanCalculator.me recently added both a loan affordability calculator and a lease calculator to its website; they join the car loan calculator which has been featured on the site for some time. In addition to the calculators, the website features a wide variety of helpful and educational articles about anything and everything having to do with a new or used car loan.

“CarLoanCalculator.me is dedicated to bringing you the best car loan calculator on the internet,” an article on the company’s website explained.

“Along with our online calculator, we offer CLC Offline, a desktop version of our calculator and a free loan calculator widget that can be added to your website.”

Using the website is easy; simply log onto the home page and begin browsing through the many posts and articles about car loans, loan refinancing, purchasing tips, and more.

Across the top of the home page is the link to the Car Loan Calculator section. Simply scroll over the category and select the type of calculator needed.

For example, selecting the lease calculator will help determine the approximate monthly and total cost of various lease options.

About CarLoanCalculator.me
CarLoanCalculator.me was created to provide the finest car loan calculator on the web. Since our inception we have expanded to include both an affordability calculator and car lease calculator. For more information, please visit http://www.carloancalculator.me