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Can a car dealership make you increase your payments per month due to a bank only allowing you to get a loan for 75 instead of 84 months?
Wiki User
∙ 10y ago
The dealership is not the one increasing your payment. They are a messenger for the bank. Apparently the bank is reducing the term for any number of reason which could be anything from your credit worthiness to the type of car. They are doing you a favor and would do you an even bigger one if they would cut it to 60 months. To finance a car for 75 or 84 months is insane. In a few years when you are tired of the car keep in mind it will cost you a fortune to get rid of it due to the length of the loan you will be upside down (owe more than it's worth) for probable 4 years or more.
Wiki User
∙ 10y ago
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Can you make biweekly payments instead of monthly?
If you are referring to a vehicle, you can make as many payments during a month that you want. There are very few financial institutions or in-house financiers that won't accept a payment.
