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Longer loan lower interest rate, or shorter loan higher interest rate?



  • Official comment
    Victor D

    Hey Sean!

    Thanks for posting.

    I recommend checking out our Loan Comparison Calculator.

    It lets you compare the monthly cost and total cost of each loan, so there is no guessing involved! 

    This article may be helpful as well: How to Get a Car Loan - NerdWallet

    We hope you enjoy your new car! 

    Best Regards,


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    Annette Hall

    Always lower interest rate if there is not an early payoff penalty. You can still pay it off in 60 months but half the interest rate saving a lot of money.

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    Sean O'Donnell

    Thanks Annette and Victor, I went with the lower rate and will save about 6 grand -- many thanks!!

    -First Time Buyer

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