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How much of a bump or decrease can I expect to see with new car loan?

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Dustink
Valued Contributor

Re: How much of a bump or decrease can I expect to see with new car loan?


@Anonymous wrote:

Sorry, just trying to help. A lot of people don't know you pay more interest at the beginning of the loan. Not just because you owe more.


Your post was good. No worries.

 

Though, you do not pay a higher interest rate at the start of the loan. You just owe more and because of that, the interest charge incurred is higher.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


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