What term fits best in your budget?The term of your vehicle loan can make a big difference in your monthly payment. It can also have significant impact on the amount of interest you'll 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 you'll pay until the loan is paid off.
Disclaimer: The accuracy of these calculators and applicability to your circumstances is not guaranteed. Calculators are not a guarantee of credit. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.
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