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01Vehicle
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03Vehicle details
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Payment Summary
Kia Sorento Monthly Payment
Estimated monthly payment
$964.37
for 60 months at 8.99% APR
Where your money goesover 60 months
- Principal
- $46,468
- Interest
- $11,394
80% of every payment goes toward equity in the Sorento; the rest is interest.
- Loan Term
- 60 mo
- Total Principal
- $46,468
- APR
- 8.99%
- Total Interest
- $11,394
- Paid in Full
- May 2031
- Total Cost of Loan
- $57,862
Resale vs. loan balance
Kia Sorento Projected Resale Value vs Loan Balance
Share
| Year | Resale Value | Loan Balance | Difference |
|---|---|---|---|
| 0 | $43,428 | $46,468 | -$3,040 (-7%) |
| 1 | $43,428 | $38,761 | +$4,667 (11%) |
| 2 | $32,471 | $30,331 | +$2,140 (7%) |
| 3 | $29,314 | $21,111 | +$8,203 (28%) |
| 4 | $27,494 | $11,028 | +$16,466 (60%) |
| 5 | $24,133 | $0 | +$24,133 (100%) |
| 6 | $18,544 | $0 | +$18,544 (100%) |
| 7 | $16,672 | $0 | +$16,672 (100%) |
| 8 | $14,171 | $0 | +$14,171 (100%) |
| 9 | $13,519 | $0 | +$13,519 (100%) |
| 10 | $12,234 | $0 | +$12,234 (100%) |