that depends on your term and rate. Use excel loan calculator and enter the information and if will give you a estimate.
Interest on a car loan is the additional money you pay to the lender for borrowing the money. It is calculated as a percentage of the loan amount. The interest rate and the length of the loan determine how much interest you will pay over time. The higher the interest rate and the longer the loan term, the more you will pay in interest. This increases the overall cost of the loan, making it more expensive to borrow money for the car.
One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.
On a used car loan, you will generally have to pay between 4 and 10 % interest on your loan. Of course that depends on which lender will finance you, the age and condition of the used car, and of course your credit rating.
She will pay $1,924.02 in interest.
She could have to pay $1924.02 in interest.
She could have to pay $1924.02 in interest.
She could have to pay $1924.02 in interest.
She could have to pay $1924.02 in interest.
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
9708.14
9708.14
9708.14