Compare Two Vehicle Loans

First Loan
Loan Amount
Monthly Payment
$ 25,000 $ 459.28
Second Loan
Loan Amount
Monthly Payment
$ 30,000 $ 689.52
Total Cost of Loan
First Loan Second Loan
Total Interest $ 2,557.14 $ 3,096.99
Total Principal $ 25,000.00 $ 30,000.00
Total Cost of Loan $ 27,557.14 $ 33,096.99

As you determine which vehicle to buy and which loan terms to choose, the choices you make can have a significant difference regarding what your monthly payments will be and what the costs of the loan will be once the loan is paid off.