 |
Auto loan amount
|
Interest rate
|
Principal and Interest
payment
|
Total payment
|
Total interest
|
Equity
benefit at the end of
the loan payoff |
Total net savings
|
Time Savings |
Time to repay
|
Effective interest rate at the end of loan.
|
|
Accelerated Payments (Biweekly)*
|
$32,000
|
9.500%
|
$312.19
Bi-weekly
|
$312.19
Bi-weekly
|
$8,330
|
$3,644.54
|
$878.17
|
6 Months
|
5 years
|
Using bi-weekly payments, you would pay
the same amount of interest as traditional financing at 8.65%.*
|
|
Monthly
Payments
|
|
9.500%
|
$624.37
|
$624.37 |
$9,208
|
0 | 0 | 0 |
5 years and 6 months
|
Colonial Transfer Corporations Web services are currently under construction. Development of an easily accessible yet powerful web based tool for our customers is our main goal. Please check back often for updates and feel free to leave comments with suggestions or feedback.