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The 48-month vs 60-month decision is crucial for car buyers. While 60-month loans are America's most popular choice with lower monthly payments, 48-month terms save thousands in interest and build equity faster.
Input the total price of the vehicle or the amount you need to borrow.
Enter the annual interest rate offered by your lender (APR).
Select the length of your loan in months (typically 36, 48, 60, or 72 months).
Enter your down payment amount to reduce the financed amount.
See your monthly payment, total interest, and complete amortization schedule.
Modify values to compare different scenarios and find the best option.
Input the total price of the vehicle or the amount you need to borrow.
Enter the annual interest rate offered by your lender (APR).
Select the length of your loan in months (typically 36, 48, 60, or 72 months).
Enter your down payment amount to reduce the financed amount.
See your monthly payment, total interest, and complete amortization schedule.
Modify values to compare different scenarios and find the best option.
The 48-month vs 60-month decision is crucial for car buyers. While 60-month loans are America's most popular choice with lower monthly payments, 48-month terms save thousands in interest and build equity faster.
The best choice depends on your individual financial situation, goals, and constraints. Use the calculators above to compare both options with your specific numbers.