Lower monthly payments
Defer either $7,500 or 20% of the loan amount, whichever is more, to the final month to reduce your monthly payments
Deferred
Standard
72 month loan term
72 monthly payments of $740.00
Total deferred payment $10,000.00
Lifetime loan total interest $13,300.00
Example shown is based on at least a 10% down payment, 72-month loan term, a loan amount of $50,000, and excellent credit with an APR of 7%.