Let's assume you are shopping for a used van. The interest rates on used vehicles are normally higher than a new one. Try the calculator yourself.

If you were to purchase a $40,000 used mobile grooming van at 18% interest, the calculated value at 60 months is: $1,015 per month.

If you purchase a new mobile grooming van at $59,995 at 4.7% interest, the calculated value is $1,123 per month!

For an extra $107 per month you'll own a brand new mobile grooming van, full warranty, and a higher resale value. The amount is one extra dog per month. Well if it it's a poodle!

The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments.
To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values.
The loan amount is the amount you'll be financing after your down payment.

Enter only numeric values (no commas), using decimal points where needed.
Non-numeric values will cause errors.