Get up to speed with the cost of long-term financing. Years ago, most people paid off their cars in three or four years. But with vehicle prices rising, lenders have been offering loan deals of six and even seven years. The longer repayment period means lower monthly payments, but it also gives interest charges a lot more time to add up. This calculator lets you see how the length of your vehicle loan affects your total interest payments.
Interest charges can really drive up the price of your car.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.