Overhaulin' - With a paper and pencil. How you you calculate a monthly car payment on a loan of 25k at 6% for 6 years.?

With a paper and pencil. How you you calculate a monthly car payment on a loan of 25k at 6% for 6 years.?

Your going to have about a $450 payment. Typically you'll pay about $17-20 a month per thousand. Buying a new car is a waste. A car payment alone can make you a millionaire. The average car payment of $378 invested from age25-65 become just north of 4.4 million. The same $450 car payment becomes: Starting with $0 and depositing $450 monthly over 6 years (at a rate of return 10% compounded monthly), you will save $43,541. That 25K car will be worth about 9K in 6 years. New cars are fun...but they are a money pit. You pay about 40% in the first year for new car smell. Look into a slightly used model and you'll save thousands.
$414.32 per month for 72 months. Overall you pay $29,831, meaning you pay $4,831 in interest, plus car registration fees, plus higher property taxes due to it being a new car.