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Payment Reality Check

See What the Payment Hides

Compare loan terms and see how a lower monthly payment can increase the total amount you pay.

Inputs

Start with the full number.

The full price including taxes, fees, and add-ons.

Out-the-door price must be greater than zero.

Estimates are for educational purposes only and are not financing offers. Actual payments, rates, taxes, fees, lender terms, and payoff amounts may vary.

Estimated amount financed

Check inputs

Fix the highlighted fields to compare terms.

48 months

4 years

Lowest paymentLowest interest
Estimated payment
-
Total interest
-
Total loan payments
-

60 months

5 years

Estimated payment
-
Total interest
-
Total loan payments
-

72 months

6 years

Estimated payment
-
Total interest
-
Total loan payments
-

84 months

7 years

Estimated payment
-
Total interest
-
Total loan payments
-

Reality check

Enter an out-the-door price and APR to compare how the payment changes across loan terms.

Before the payment

Why the Out-the-Door Price Comes First

The monthly payment can be changed by extending the loan, changing the down payment, or moving other costs into the financing. The out-the-door price gives you the full starting number before the payment is shaped around it.

  1. 1Get the out-the-door price.
  2. 2Confirm what is included.
  3. 3Enter the numbers here.
  4. 4Compare the complete financing tradeoff.

For the ownership lesson behind this tool, read The Most Expensive Number at the Dealership Isn't the Price. It's the Payment.