cancel
Showing results for 
Search instead for 
Did you mean: 

Auto Loan Advise Refi?

tag
Anonymous
Not applicable

Auto Loan Advise Refi?

Hello everybody!

 

I have a current auto loan open approx Nov 2013 term 72 months simple interest contract loan APR 24.09%. I received a pre approval offer to refinance with an APR of 13.99%. I am currently with Santander COnsumer USA Holdings and make more than the min payment every 2 weeks since interest is compounded daily. They have started accepting principle only payments after I have paid the scheduled monthly payment.

 

My question is do I continue to make the normal payment every 2 weeks and make the additional principle payment every month? My goal is to pay the principle of approx 14K off wihtin the next 18 months.

 

-Thanks!

Message 1 of 1
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.