02-20-2012, 09:26 AM
|
#13 (permalink)
|
|
A True Z Fanatic
Join Date: Aug 2011
Location: Grapevine, TX
Posts: 1,767
Drives: 2013 GS350
Rep Power: 19
|
Quote:
Originally Posted by UNKNOWN_370
When I negotiated my loan... that's how I got it. The rate was 17:90 per $1000 the 3 year loan was $20.9p per $1000. The difference in interest was :09 percent which was a difference of only a few bucks. The finance charge savings added up to more than the interest savings going longer if I paid double. If I would pay in the normal amount of time of a 6 year loan I would pay more, but since I'm knocking it out in half I'm paying less.
You forgot that I'm paying my 6 in 3. Ur the one being dumb because, you're making comments and not seeing the whole pic.
Some one on a 3 year loan pays a few dollars more per month in finance and marginally lesss in interest. What kills the 6 year loan is time, not rate. Interest raked marginally higher finance charges a few lower. Knock it out in half the time and you can the overages of both loans.
|
so what you're saying is that your bank is so retarded it actually gave you a better rate on a longer loan? thats then most bass ackward thing ive ever heard lol. if so, then go with it and take advantage of their stupidity
__________________
Passport 9500i HW|Short Tail Exhaust|Evo-r CF Fangs & Fog|Blacked Out Roof|Status Elite Intake 19/22| AUTO Shift Boot DIY|GTR Button|Rear Limo Tint|S2carbonworks hood dampeners|Falken Rt-7m 20"s w/Jade Project Mu Tuner Lugs|P:JDM Oil Cap|Tow Hook| SOLD |
|
|
Similar Threads
Threaded Mode
