Your inputs
01Vehicle
7% of price
02Loan terms
Auto
03Vehicle details
Tip: calculations refresh automatically as you edit any field. Adjust the interest rate if you have a real rate quote.
Payment Summary
Honda Ridgeline Monthly Payment
Estimated monthly payment
$952.21
for 60 months at 8.99% APR
Where your money goesover 60 months
- Principal
- $45,882
- Interest
- $11,251
80% of every payment goes toward equity in the Ridgeline; the rest is interest.
- Loan Term
- 60 mo
- Total Principal
- $45,882
- APR
- 8.99%
- Total Interest
- $11,251
- Paid in Full
- May 2031
- Total Cost of Loan
- $57,133
Resale vs. loan balance
Honda Ridgeline Projected Resale Value vs Loan Balance
Share
| Year | Resale Value | Loan Balance | Difference |
|---|---|---|---|
| 0 | $45,684 | $45,882 | -$198 (-0%) |
| 1 | $45,684 | $38,272 | +$7,412 (16%) |
| 2 | $36,401 | $29,948 | +$6,453 (18%) |
| 3 | $32,582 | $20,845 | +$11,737 (36%) |
| 4 | $31,357 | $10,889 | +$20,468 (65%) |
| 5 | $30,101 | $0 | +$30,101 (100%) |
| 6 | $29,028 | $0 | +$29,028 (100%) |
| 7 | $26,515 | $0 | +$26,515 (100%) |
| 8 | $24,770 | $0 | +$24,770 (100%) |
| 9 | $22,810 | $0 | +$22,810 (100%) |
| 10 | $21,101 | $0 | +$21,101 (100%) |