Calculate the payments based on financing the balance for 48, 60, and 72 months using the rates and interest rates that are 1%, 2%, and 3% higher than the original rates. The interest rate you would pay depends both on the length of time you finance the vehicle and your credit worthiness. If your credit is weak, you will pay a rate that may be several percent higher than the normal quoted rate.

AMOUNT TO BE FINANCED = $19,706

PAYMENT FREQUENCY: Monthly

Calculate payments based on balance financing at 48,60 , and 72 months using the following interest rates