Why do you need more than 67 thousand for a car loan of 50 thousand in three years? It may be because the loan interest rate is high or the repayment method of equal principal and interest is adopted.

There are two common ways to calculate the specific car loan interest, namely, equal principal and interest and average capital. Matching principal and interest means that the monthly repayment amount is fixed, including principal and interest, while the average capital means that the monthly repayment principal is fixed and the interest decreases month by month.