Use this calculator to compare various auto loan options. You may not have much
control over your interest rate but you will have control over the term, or
number of months you have your loan. Try entering different terms below and
notice how they affect both your monthly payment and your total interest and
total payments. A shorter term means you'll make higher monthly payments, but
you'll also pay your car off sooner. With a longer term your monthly payments
will be lower, but you'll end up paying the bank more in interest. You can enter
up to five different term and interest rate variations for comparison.
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