Car Loan Interest | Practical Money Skills

Auto Loan Interest

Do you know how much of your car loan payment is paying off interest? By using the slider, you can see how your interest goes down if you pay more money on each payment.


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Results
You are paying %RESULT_INTEREST% in total interest on this loan.
Your payments should be approximately %RESULT_PAYMENT% per month.

Use the slider below to see how the total interest you pay will change based on your monthly payment.

Payment: %PAYMENT%

Interest: %INTEREST%

(Moving the slider to pay a different amount will calculate the new interest total.)

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