What happens when I pay above the minimum for my car loan?
Wednesday, May 19th, 2010 at
05:11
Let's say I have a 60 month car loan and I pay 170 a month. If for the first couple months, I pay a thousand dollars towards my loan, will my monthly minmum decrease for the rest of the life of the loan or will my loan period simply become shorter while my monthly minimum stays the same?
Auto Borrowing Associates
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