Re: car payments??
Group: alt.autos.ford Date: Mon, Sep 22, 2003, 9:36pm (EDT+4) From:
Actually the longer the term of the loan the HIGHER the interest, not
============================What part of what I wrote didn't you understand? The TOTAL monthly
payment of principal and interest will be less over 96 months than 48
but the total of all moneys paid will be more.
Eric Toline wrote:
Group: alt.autos.ford Date: Mon, Sep 22, 2003, 5:00pm (EDT+4) From:
Just 95 more payments and...
What's next for U.S. consumers looking to cut car payments? Believe it
or not, in some areas, 96-month car loans are bubbling up. <<<<<<<
sure, the monthly payment will be less but interest is going to be
massive over the 8 yrs.
People don't seem to care about the interest, just the monthly nut.