Auto insurance and how to learn more
Also remember that lower is not always better. A $15,000 loan with 10 percent interest, paid off over three years, will cost you $484 per month, for a total of $17,424 over the life of the loan. Extending the same loan to five years will reduce your monthly payments to just $319, but you will pay $19,140 in total. An auto loan calculator that calculates the total amount of the loan as well as the monthly payment is a great way to avoid being penny wise and pound foolish. Getting a car is an important decision.