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Vehicle Affordability by Loan Term Calculator

Couple driving with top down.
Is that new car smell something you can’t live without any longer? Before you sign on the dotted line, make sure you can afford the monthly payment.

The dealership may try to talk you into more car than you can afford. Using a car payment calculator will remind you to factor in not only the sticker price, but also the interest rate, the value of your trade-in if you have one, a down payment and the all-important sales tax.

If your monthly budget can handle a larger car payment, you may find it valuable to pay off your car faster. A shorter loan term can save you thousands over the course of paying off your car.

Factoring in the term of your car loan is just as important as choosing your preferred exterior color. Making the minimum payment might be necessary some months, but paying a little extra when your budget allows will save you money in the long run.

If you’re ready to find a competitive car loan rate, SouthState makes getting on the road easy with same-day funding.

Where I apply online for a car loan? Get started with a user-friendly online application.

  • This calculator is an illustrative tool meant for educational purposes only. The default figures and examples shown are hypothetical and may not be applicable to your individual situation. Furthermore, these calculations may not reflect the terms available for any loan, investment or other financial product offered by SouthState Bank, N.A. (the “Bank”). The calculations do not infer that the Bank assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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