$30,000 payment examples
| APR | 48 months | 60 months | 72 months | 84 months |
|---|---|---|---|---|
| 4.9% APR | $690/mo $3,097 interest | $565/mo $3,886 interest | $482/mo $4,687 interest | $423/mo $5,499 interest |
| 6.9% APR | $717/mo $4,416 interest | $593/mo $5,557 interest | $510/mo $6,722 interest | $451/mo $7,910 interest |
| 8.9% APR | $745/mo $5,766 interest | $621/mo $7,278 interest | $539/mo $8,828 interest | $481/mo $10,417 interest |
Examples are not loan offers. They assume no down payment and exclude sales tax, title, registration, dealer fees and add-ons.
Try your exact numbers
How loan term changes cost
A longer term spreads the principal over more payments and usually lowers the monthly amount, but interest has more time to accrue.
What else belongs in the budget?
- Sales tax, title, registration and dealer fees.
- Negative equity from a trade-in, if any.
- Insurance, fuel or charging, maintenance and depreciation.
Common questions
Is $30,000 always the amount financed?
No. Taxes and fees can raise it, while a down payment and positive trade equity can reduce it.
Does a longer loan make the car cheaper?
It can reduce the monthly payment but usually increases total interest when APR and principal stay the same.