As a supplement to the main motor vehicle rate chart, the OCCC also provides this chart expressing the $12.50 and $15 add-on rates as effective interest rates for contract terms ranging from 1 to 84 months.
Term in # of months | $12.50 per $100.00 per year | $15 per $100.00 per year |
1 | 18.0000 | 18.0000 |
2 | 18.000 | 19.9452 |
3 | 18.6541 | 22.3624 |
4 | 19.8374 | 23.7670 |
5 | 20.5996 | 24.6655 |
6 | 21.1215 | 25.2754 |
7 | 21.4935 | 25.7054 |
8 | 21.7659 | 26.0160 |
9 | 21.9688 | 26.2435 |
10 | 22.1215 | 26.4109 |
11 | 22.2367 | 26.5338 |
12 | 22.3232 | 26.6226 |
13 | 22.3875 | 26.6849 |
14 | 22.4340 | 26.7265 |
15 | 22.4664 | 26.7513 |
16 | 22.4872 | 26.7626 |
17 | 22.4985 | 26.7628 |
18 | 22.5020 | 26.7540 |
19 | 22.4988 | 26.7375 |
20 | 22.4901 | 26.7148 |
21 | 22.4768 | 26.6867 |
22 | 22.4594 | 26.6542 |
23 | 22.4387 | 26.6178 |
24 | 22.4150 | 26.5783 |
25 | 22.3889 | 26.5360 |
26 | 22.3605 | 26.4915 |
27 | 22.3304 | 26.4449 |
28 | 22.2986 | 26.3968 |
29 | 22.2654 | 26.3472 |
30 | 22.2311 | 26.2964 |
31 | 22.1957 | 26.2446 |
32 | 22.1594 | 26.1920 |
33 | 22.1224 | 26.1387 |
34 | 22.0847 | 26.0848 |
35 | 22.0464 | 26.0305 |
36 | 22.0077 | 25.9759 |
37 | 21.9686 | 25.9210 |
38 | 21.9292 | 25.8659 |
39 | 21.8895 | 25.8106 |
40 | 21.8496 | 25.7553 |
41 | 21.8095 | 25.7000 |
42 | 21.7693 | 25.6447 |
43 | 21.7290 | 25.5894 |
44 | 21.6886 | 25.5343 |
45 | 21.6483 | 25.4793 |
46 | 21.6079 | 25.4245 |
47 | 21.5679 | 25.3699 |
48 | 21.5273 | 25.3155 |
49 | 21.4871 | 25.2613 |
50 | 21.4469 | 25.2074 |
51 | 21.4069 | 25.1537 |
52 | 21.3670 | 25.1003 |
53 | 21.3272 | 25.0473 |
54 | 21.2876 | 24.9945 |
55 | 21.2481 | 24.9420 |
56 | 21.2088 | 24.8898 |
57 | 21.1696 | 24.8380 |
58 | 21.1307 | 24.7865 |
59 | 21.0919 | 24.7354 |
60 | 21.0533 | 24.6845 |
61 | 21.0149 | 24.6341 |
62 | 20.9767 | 24.5839 |
63 | 20.9387 | 24.5342 |
64 | 20.9009 | 24.4847 |
65 | 20.8633 | 24.4357 |
66 | 20.8259 | 24.3870 |
67 | 20.7888 | 24.3386 |
68 | 20.7518 | 24.2906 |
69 | 20.7151 | 24.2430 |
70 | 20.6786 | 24.1957 |
71 | 20.6423 | 24.1488 |
72 | 20.6063 | 24.1022 |
73 | 20.5705 | 24.0559 |
74 | 20.5349 | 24.0101 |
75 | 20.4995 | 23.9645 |
76 | 20.4643 | 23.9194 |
77 | 20.4294 | 23.8745 |
78 | 20.3947 | 23.8300 |
79 | 20.3602 | 23.7859 |
80 | 20.3259 | 23.7421 |
81 | 20.2919 | 23.6986 |
82 | 20.2581 | 23.6555 |
83 | 20.2245 | 23.6127 |
84 | 20.1911 | 23.5702 |