The monthly payment is the number they sell you. The interest is the one they don’t.
The out-the-door price you negotiated, before tax.
The annual rate on the offer. Check your credit union too.
5 yrs. Longer terms lower the payment and raise the interest.
Cash at signing.
What they’re giving you for the old one.
Charged on price minus trade-in in most states. A few tax the full price.
Doc, title and registration fees added to the loan.
Monthly payment
$735
for 5 yrs at 7% APR
$6,977 in interest. That’s about 6 months of groceries.
Already signed?
Add this to a payoff planDrops this loan into the Debt Payoff Planner alongside everything else you owe.
