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Calculate your exact monthly payment including tax, trade-in, and down payment. Know your true cost before you sign.
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Vehicle & Loan Details
Financing vs Leasing vs Cash
| Option | Monthly | Own Car? | 5-Year Net Cost |
|---|---|---|---|
| Finance (60 mo) | Higher | Yes, after payoff | Price + interest |
| Lease (36 mo) | Lowest | No — return it | Payments × term (repeat) |
| Cash | None | Yes, immediately | Vehicle price only |
2025 Average Auto Loan Rates
New car: 7–8% APR average. Used car: 10–11% APR average. Credit unions typically run 1–2% lower than banks. Your rate depends on credit score, loan term, and lender. As a rule of thumb, keep total vehicle costs under 15% of monthly take-home pay — that includes payment, insurance, and gas.
Compare Auto Loan Rates
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