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Financial Calculators for Solvay Bank

Compare Monthly Payment by Term

HideVehicle Information

Vehicle purchase price $

25000

Cash rebate or cash back $

500

Sales tax rate %

8

HideTrade-In Information

Value of your trade-in $

1500

Amount owed on trade-in $

0

HideLoan Information

Interest rate %

4.9

Down payment amount $

500

Compare Monthly Payment by Term

Monthly Payment Amount by Term

Loan Amount

$ 24,500.00

24 Months

$ 1,073.75

36 Months

$ 733.18

48 Months

$ 563.10

60 Months

$ 461.22

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.