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.
Compare Two Vehicle Loans
Compare Two Vehicle Loans
Loan Amount |
Monthly Payment |
|---|---|
| $ 25,000 | $ 459.28 |
Loan Amount |
Monthly Payment |
|---|---|
| $ 30,000 | $ 689.52 |
| 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 |