Hi,

No. The borrowed amount, called the "principal", is one factor that determines your car payment. The other factors are the interest rate and the term of the loan.

All else equal:

--The lower the interest rate, the lower your payment will be.

--The lower the principal amount financed, the lower the payment.

--The longer the term financed, the lower they payment will be (but the slower you'll pay the car off).

The interest rate you receive will be largely dependent on your personal credit report. The better your credit, the lower the rate.