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Your credit score has a major impact on car loan costs. Excellent credit (750+) typically qualifies for rates around 4.5%, while good credit (700-749) sees rates near 5.5%. This seemingly small difference can mean thousands in extra interest over the loan term.
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.
Your credit score has a major impact on car loan costs. Excellent credit (750+) typically qualifies for rates around 4.5%, while good credit (700-749) sees rates near 5.5%. This seemingly small difference can mean thousands in extra interest over the loan term.
The best choice depends on your individual financial situation, goals, and constraints. Use the calculators above to compare both options with your specific numbers.