Compare Vehicle Loans by Term

Average: 2.7 (13 votes)

The term of your vehicle loan can make a big difference in what your monthly payment looks like. It can also have an 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 that you'll pay until the loan is paid off.

Related Tools