So what does CarFacts do?
Let’s say you’re comparison shopping for a new car and you’ve selected several cars you like. You have a long daily commute to work and gas is expensive. So, you would like to know which car will be cheaper to drive, the hybrid or the conventional car. You will probably have to pay a premium for the hybrid, so how long will it take for the gas savings to equal the price premium? CarFacts can tell you! Just enter the miles you expect to drive in a year, month, or whatever, the price of gas, and the gas mileage of the car, and - out comes the cost.
Suppose you found the car you want, you’re negotiating with the salesperson and he/she is throwing prices at you for various options. You want to know what your monthly payments will be. No problem - whip out your trusty iPhone/iPad and CarFacts can tell you. This works for mortgages too. So, CarFacts can tell you what your monthly mortgage payment will be for various interest rates and time periods.