Does the total include depreciation or resale?

No. It is entered purchase price plus modeled loan interest. Depreciation, resale and ongoing ownership expenses are not calculated.

Are totals with different loan terms the same ownership horizon?

No. Each total spans its own financing term. The calculator does not invent replacement financing or costs after that term.

Are the rates APR quotes or credit-score estimates?

No. They are entered nominal annual interest assumptions. Lender fees, daily accrual, cent rounding and credit eligibility are not modeled.

New vs. Used Car Calculator

Compare modeled payments and purchase price plus loan interest for entered new and used vehicle financing; depreciation and ownership costs are excluded.

New Car

Vehicle Price

$10,000$150,000

Down Payment

$0$22,500

Annual nominal interest rate

0%20%

Loan Term

months

12 months84 months

Used Car

Vehicle Price

$3,000$80,000

Down Payment

$0$11,000

Annual nominal interest rate

0%25%

Loan Term

months

12 months72 months

Lower purchase and interest outlay: used

$25,367.94

$252.42/month less with used

Metric	New Car	Used Car	Difference
Vehicle Price	$45,000	$22,000	+$23,000
Down Payment	$9,000	$4,000	+$5,000
Loan Amount	$36,000	$18,000	+$18,000
Monthly Payment	$687.64	$435.22	+$252.42
Total Interest	$5,258.51	$2,890.57	+$2,367.94
Purchase price plus interest	$50,258.51	$24,890.57	+$25,367.94

Purchase and interest breakdown

Remaining Balance Over Time

New Monthly

$687.64

60 months

Used Monthly

$435.22

48 months

New Total Interest

$5,258.51

Used Total Interest

$2,890.57

Purchase-financing model: annual nominal interest divided by 12, equal payments at each month end, no daily accrual or lender cent rounding. The rate excludes fees and is not a fee-inclusive APR. Down payment plus principal plus interest equals purchase price plus interest. Defaults are illustrative, not current vehicle prices or loan quotes.

Each total covers its own entered loan term; monthly differences may compare different terms. The balance chart follows both loans through the longer term and includes each payoff month. This is not a common-horizon ownership-cost comparison: depreciation, resale value, maintenance, insurance, fuel, taxes and fees are excluded. A lower modeled outlay does not establish which vehicle is the better purchase.

FTC: financing and ownership costs

What the financing comparison includes

Each loan uses entered price less down payment, annual nominal interest divided by 12, equal end-of-month payments and its own whole-month term. Down payment plus principal plus interest equals purchase price plus interest. The chart includes every integer month and both payoff endpoints.

Each total covers its own entered loan term, not a common ownership period. The model excludes depreciation, resale, maintenance, insurance, fuel, taxes and fees. It does not forecast prices or choose the better purchase. Unresolved numerical differences are withheld rather than assigned a false winner.