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Tips to help decide which auto loan is the better deal

Compare two auto loans by filling in their specifics and deciding which loan is best for you.

This loan comparison calculator can help you determine which vehicle loan is your best option. If you use the same interest rate when comparing both loans, but use a shorter duration for one loan, the loan with the shorter duration will display higher payments. However, when you pay the loan off sooner you will save interest costs.

The length of an auto loan is a personal decision, and there are a handful of auto buying considerations to keep in mind.

Auto loan payment calculator

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Loan 1

Loan 2

Results

Monthly payment

Loan 1: $0
Loan 2: $0

Total payment

Loan 1: $0
Loan 2: $0

Total interest

Loan 1: $0
Loan 2: $0

Neither State Farm® nor its agents provide tax or legal advice. This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. Please consult your own adviser regarding your particular circumstances.




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