is refinancing a car ever a bad thing?
you motorboatin' s.o.b.
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From: Mexico, by Jaymar
Originally posted by OLDMAN
But this will put all your interest into the first payments of the loan. Most car loans are interest loaded up front not spread evenly though out the loan. You don't build up equity in a depreciating asset.
But this will put all your interest into the first payments of the loan. Most car loans are interest loaded up front not spread evenly though out the loan. You don't build up equity in a depreciating asset.
Checking it twice
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From: Twixt Hell/Ann Arbor MI
Originally posted by DakarM
OLDMAN is back!
OLDMAN is back!
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Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
LUNCH with THEOLDMAN...On a break for now...
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
LUNCH with THEOLDMAN...On a break for now...
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From: Location Location
Originally posted by OLDMAN
I'm always here, just pick and choose where to throw my 2 cents in at.
I'm always here, just pick and choose where to throw my 2 cents in at.
I see.
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Originally Posted by WiLL
...I really wanna get out and shoot people.
Checking it twice
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From: Twixt Hell/Ann Arbor MI
Originally posted by Derek
That's why I am debating it, because I have already gone through that, so in turn, this would be more expensive, but my payments will be about $100 cheaper.
That's why I am debating it, because I have already gone through that, so in turn, this would be more expensive, but my payments will be about $100 cheaper.
__________________
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
LUNCH with THEOLDMAN...On a break for now...
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
LUNCH with THEOLDMAN...On a break for now...
you motorboatin' s.o.b.
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From: Mexico, by Jaymar
Originally posted by OLDMAN
That is why I lease, both car and truck!! Only pay for what I use.
That is why I lease, both car and truck!! Only pay for what I use.
h:
Thread Starter
It's my first day.
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From: Grafton, WI.
i was told otherwise, old man, but before the loan officer told me that i always assume it was like 40% interest the first year, and signifigantly less every year after.
my payoff right now is probably $4800 at about 7.5%. my bank could give me prime rate of about 4.2% If i save over a hundred dollars on the remaining 30 periods i think it would be worthwhile...don't you?
my payoff right now is probably $4800 at about 7.5%. my bank could give me prime rate of about 4.2% If i save over a hundred dollars on the remaining 30 periods i think it would be worthwhile...don't you?
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From: Location Location
Originally posted by Fujiwara Takumi
i was told otherwise, old man, but before the loan officer told me that i always assume it was like 40% interest the first year, and signifigantly less every year after.
my payoff right now is probably $4800 at about 7.5%. my bank could give me prime rate of about 4.2% If i save over a hundred dollars on the remaining 30 periods i think it would be worthwhile...don't you?
i was told otherwise, old man, but before the loan officer told me that i always assume it was like 40% interest the first year, and signifigantly less every year after.
my payoff right now is probably $4800 at about 7.5%. my bank could give me prime rate of about 4.2% If i save over a hundred dollars on the remaining 30 periods i think it would be worthwhile...don't you?
$4800 at 7.5% over 30months = $5,279.00
$4800 at 4.2% over 30months = $5,064.80
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Originally Posted by WiLL
...I really wanna get out and shoot people.
Checking it twice
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From: Twixt Hell/Ann Arbor MI
176.12
168.98
Depends on how long the term was and the amount of the first loan, if it's really worth it. All you are doing is adding in the interest to the interest you have already paid, and you don't get a real picture of what the loan cost you.
168.98
Depends on how long the term was and the amount of the first loan, if it's really worth it. All you are doing is adding in the interest to the interest you have already paid, and you don't get a real picture of what the loan cost you.
__________________
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
LUNCH with THEOLDMAN...On a break for now...
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
LUNCH with THEOLDMAN...On a break for now...