what a low credit score costs you
brand new toyota camry
$23,000
66 month term
person A
Credit Score:730
Interest rate: 1.99%
payment: $368.22
total interest paid:$1,302.39
Total Payments: $24,302.39
person B
Credit Score:599
Interest rate: 14.99%
payment: $513.97
total interest paid:$10,921.44
Total Payments: $33,921.44
person b pays $9,619.05 more than person a for the exact same car!