Auto insurance Where to start
Also remember that lower is not always better. A $15,000 loan with 10 percent interest, paid off over three years, will cost you $484 per month, for a total of $17,424 over the life of the loan. If you pay off the loan over five years, your monthly payments drop to $319, but the amount you ultimately pay rises to $19,140. Be sure to find an auto loan calculator that tells you the total amount you will pay as well as your monthly payment. Getting a car is an important decision.