Pay it as soon as possible.
You can lower your monthly car payment by making a larger down payment, so that you borrow less money in total. You could also choose the loan with the longest term, for example, paying $250 per month for five years instead of $417 per month for three years.
The average cost of a monthly car payment is $250. Of course the actual amounts will differ depending on the value of the car, and the amount of the down payment.
Interest and down payment.
Sherri has a gross monthly salary of 4700 She has a 425 car loan payment and a 330 student loan payment due each month She also has two credit card loan payments each month one of 127 and the other is 527.
Some car alarms are automatically included in the car and do not require a monthly payment. However, there are some car alarms, such as the GPS car alarm, which can be installed for life or require a monthly payment.
the average car payment is about 200$ which this stayment is not made based on the car types.
That is what you are paying monthly is your insurance premiums. You have a choice of payment plans that are best for you. You can pay it once a year or one a month.
Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.
the monthly cost of a car is $300.00 a month
I think you are referring to the principal on a car loan. The principal is the amount actually due on the loan. When you make a monthly payment, the first part of the payment is applied to interest and then to the principal. Example: You have an outstanding balance of $1000 this month at 12% interest, and your payments are $100 per month: From your $100 payment, $10 is for interest, and $90 is applied to the principal.
This is a very good website to calculate the monthly car payments: http://autos.aol.com/calculators/car-payment-calculator/ or http://www.carmax.com/enus/car-payment-estimates-calculator/default.html
A recurring payment is a payment made over and over, such as a house payment, car payment or electric bill, etc. that come due monthly or bimonthly etc.