The term of your vehicle loan can make a big difference in your monthly payment. It can also have a significant impact on the amount of interest you will pay over the course of the loan. You pay interest each month on the outstanding balance of the vehicle loan, so the longer the term of the loan the more interest that you will pay until the loan is paid off.
Compare Monthly Payment by Term
Compare Monthly Payment by Term
Loan Amount |
24 Months |
36 Months |
48 Months |
60 Months |
|---|---|---|---|---|
| 24 Month | 36 Month | 48 Month | 60 Month | |
|---|---|---|---|---|
| Total Interest | ||||
| Total Principal | ||||
| Total Cost of Loan |
This calculator is intended for informational purposes only and is considered an estimate. The accuracy of this calculator is not guaranteed by General Electric Credit Union (GECU). The calculator and its results do not constitute the advice of, or reflect actual products, services, rates, and/or terms available. Nothing contained in the calculator shall constitute an offer or solicitation of a product or service by GECU. This calculator is not intended to offer any tax, legal, financial, or investment advice. Please consult with qualified advisors to discuss your specific needs.