Google is in the process of testing a new interactive car loan calculator on their search engine. This would give people access to search “Car Loan Calculator”, which would bring up a new tool that would allow them to calculate a car loan. Within the tool, they can enter their loan amount, the interest rate and the period of the loan.
This is very similar to the Mortgage Calculator that was launched this past February. The mortgage calculator tool, which can be found when searching a variation of terms like “interest calculator” and “loan interest calculator,” shows monthly cost and maximum loan cost when you insert your variables into the gray background fields. There are several websites that offer a car loan calculator; Google will soon be providing that tool directly to searchers. Google is always trying to make their search engine the most convenient in the world by providing users with information and tools within the search engine.