2002 Lexus Sc430

Today in class I had to find out how much my car would be with a five year loan. This is what I did.

Price of my car-$ 61,630.00

Loan - 5 yrs.

Interest rate – 6.20 %

Interest at the end of the 5^th year is $19,105.

My total cost is $ 80,735.

My monthly payment is $ 1,345.

ouch