Car insurance, an in-depth look, an in-depth exploration

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. If you pay off the loan over five years, your monthly payments drop to $319, but the amount you ultimately pay rises to $19,140. 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. Start the process with the most accurate information you can get, and use an auto loan calculator to check your math and work out how much of a loan you can afford.

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