Published on Financial Calculators for Union Savings Bank (https://www.fintactix.net/usb)

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Compare Monthly Payment by Term

The term of your vehicle loan can make a big difference in your monthly payment. It can also have a significant impact on the amount of interest you will 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 will pay until the loan is paid off.

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Calculators are provided for illustrative and educational purposes only and we do not guarantee their accuracy. We encourage you to contact a qualified financial professional concerning questions about your personal or business finances.


Source URL: https://www.fintactix.net/usb/tools/auto/a03