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$25,000 car loan payment

A $25,000 loan at 6.9% over 60 months costs $493.85 a month and $4,631 in interest. Rate matters more than term for the total, and term matters more for the monthly.

Monthly payment
$493.85
6.9% over 60 months
Total interest
$4,631
18.5% of the amount borrowed
Total repaid
$29,631
on $25,000 borrowed
First month interest
$143.75
of the first payment

Payment by rate and term

APR36 mo48 mo60 mo72 mo84 mo
3.0%$727.03$553.36$449.22$379.84$330.33
5.0%$749.27$575.73$471.78$402.62$353.35
6.9%$770.78$597.50$493.85$425.03$376.10
9.0%$794.99$622.13$518.96$450.64$402.23
12.0%$830.36$658.35$556.11$488.75$441.32

Monthly payment on $25,000 financed. Longer terms lower the payment and raise the total paid.

Total interest by term

Other amounts

Questions

What is the monthly payment on a $25,000 car loan?

At 6.9% over 60 months it is $493.85 a month, with $4,631 of interest over the life of the loan. The table above shows every common rate and term.

How much interest will I pay on $25,000?

$4,631 at 6.9% over 60 months — about 18.5% of the amount borrowed. Stretching the same loan to 84 months raises it to $6,592.

Is $25,000 a lot to finance on a car?

Using the common guideline that all car costs stay under 10% of gross income, a $493.85 repayment plus roughly $250 of running costs suggests an income of around $89,000. That is a budgeting rule, not a lending decision.

Different amount or rate? Open the calculator.