Rate is applied automatically from the term band: 8.9% to 180 days, 10.9% to 12 months, 12.9% to 24 months, 14.9% beyond.
Estimate only. Excludes origination and filing fees. Not an offer or a commitment to lend.
The number that matters is the spread, not the rate
Cost of carry vs. margin
A 10.9% line on a lot you buy at 38 cents on the retail dollar is not an expensive loan — it's the cheapest inventory you'll touch all year. Compare financing cost against the gross margin of the lot, never against a mortgage rate.
Sell-through speed
Total interest is a function of how long you hold, not the stated term. Take the longer term for safety and pay it off early — there's no penalty, so the long term costs you nothing but optionality.
Deposit vs. payment
Every extra five points of deposit cuts the monthly payment by roughly the same five percent. If cash flow is the constraint, put more down. If cash on hand is the constraint, put less down and take the term.
Now find out what you're approved for
The calculator tells you the payment. The application tells you the ceiling. Both are free.