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How does interest work on a car loan and how does it impact the overall cost of the loan?
Interest on a car loan is the additional money you pay to the lender for borrowing the money. It is calculated as a percentage of the loan amount. The interest rate and the length of the loan determine how much interest you will pay over time. The higher the interest rate and the longer the loan term, the more you will pay in interest. This increases the overall cost of the loan, making it more expensive to borrow money for the car.
Can you get car loan with bad pay history from previous loan?
One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.
How much interest do you have to pay on used car loans?
On a used car loan, you will generally have to pay between 4 and 10 % interest on your loan. Of course that depends on which lender will finance you, the age and condition of the used car, and of course your credit rating.
If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years?
She will pay $1,924.02 in interest.
Patty is taking out a simple interest loan to buy her new 10689 car. How much would she pay in interest if the rate is 4.5 and she pays the loan off in 4 years?
She could have to pay $1924.02 in interest.
How much would she pay in interest if the rate is 4.5 and she pays the loan off in 4 years if Patty Is Taking Out A Simple Interest Loan To Buy Her New 10689 Car.?
She could have to pay $1924.02 in interest.
If Patty is taking out a simple interest loan to buy her new 10689 car. How much would she pay in interest if the rate is 4.5 and she pays the loan off in 4 years?
She could have to pay $1924.02 in interest.
Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest if the rate is 4.5 percent and she pays the loan off in 4 years?
She could have to pay $1924.02 in interest.
Can you pay off a car loan without paying interest-?
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
Amanda bought a car for 8500. Her loan was for five years at a 4.6 interest rate. How much will Amanda pay for her car total including interest?
9708.14
When Amanda bought a car for 8500 her loan was for five years at a 4.6 interest rate how much will Amanda pay for her car total including interest?
9708.14
When Amanda bought a car for 8500 her loan was for five years at 4.6 interest rate how much will Amanda pay for her car total including interest?
9708.14
