How i've only made 1 payment in 6 months

Originally Posted by m4a1mustang Definitely seems that way. A lot of people tend to psychologically eliminate interest from the equation when they are making big purchases. The only thing that

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How i've only made 1 payment in 6 months

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01-20-2010, 04:37 PM

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Quote:

Originally Posted by m4a1mustang

Definitely seems that way.

A lot of people tend to psychologically eliminate interest from the equation when they are making big purchases. The only thing that matters to them is the monthly payment. These are the kind of customers that banks love.

And on most 5 or 6 year car loans, you end up doubling the amount you borrowed when the interest amount is added in.

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