New vs Used Vehicle Calculator

Which Can I Afford: A New or Used Car?

Are you wondering, “can I afford a new car?” Buying a car is a big decision. Determining whether to buy a new or used car is just as important. It’s easy to forget there are other costs in addition to the purchase price of the vehicle. Remember to factor in registration, maintenance, and insurance costs when car shopping. Another question to ask yourself is how many years you plan to own the vehicle. Considering these factors ahead of time will prepare you for making a purchase on a new or used vehicle. Use Fifth Third Bank’s New vs. Used Car Calculator to compare loans and costs for both new and used vehicles to see which one will cost you less. Learn more about Fifth Third Auto Financing and schedule an appointment to speak with an advisor.

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What vehicle loan is better?

Compare loan amounts, rates, and payoff times.

Should I lease or purchase?

Decide if leasing is preferable to borrowing to acquire a vehicle.