How to Calculate Car Loan Terms

The term of your car loan can make a big difference in the amount of your monthly payment. It can also have a significant 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 you'll pay until the loan is paid off.

Use this calculator to compare car loan terms.


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Article provided by Fintactix

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The calculations provided by this calculator are based entirely on the information you enter, including any loan amount and/or interest rate. These calculations do not reflect the terms available for any Regions loans or whether you qualify for any Regions loan. Find out more about Regions loans.