Depends on the interest rate. A $4500 loan is never just a $4500 loan.
What is the interest rate on the loan?
about 150$/mo or higher depending on interest
Before interest, and car insurance (you will be required to get full coverage), it's $125/month. But, more like $200-250 with insurance and interest.
how is the interest compounding?
ask that is very important the interest will be very diff both ways!
Quoting SadeAyosmom:how is the interest compounding?ask that is very important the interest will be very diff both ways!
but how is the 5% compounding monthly? quarterly?
monthly 4500*5%=225*36=8100 + 4500=12600
quarterly 4500*5%=225*4*3=2700+4500=7200 total
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