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The jump from fair to good credit makes a significant financial difference. Fair credit borrowers (650-699) face interest rates around 7%, while good credit (700-749) qualifies for 5.5%. Improving your score by 50 points could save you thousands.
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 jump from fair to good credit makes a significant financial difference. Fair credit borrowers (650-699) face interest rates around 7%, while good credit (700-749) qualifies for 5.5%. Improving your score by 50 points could save you thousands.
The best choice depends on your individual financial situation, goals, and constraints. Use the calculators above to compare both options with your specific numbers.