New vs Used Car Finance

Compare the total cost of financing a new car versus a used car

New vs Used

New vs used car financing

Compare the total financing cost of buying a new car versus a used car with different interest rates.

Inputs

Side-by-side

New car monthly

$773

Used car monthly

$401

New car total interest

$6,399

Used car total interest

$4,046

New car total cost

$46,399

Used car total cost

$24,046

Savings summary

Monthly saving (used)

$373

Total saving (used)

$22,353

Interest saving (used)

$2,353

Payoff timeline

5 years

Related Car tools