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Down payment

No, I'm one of those people who bought a car, and figured out he didn't like it a few years later. Yes, if you pay a lot per month, it

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Old 07-15-2009, 11:56 PM   #14 (permalink)
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No, I'm one of those people who bought a car, and figured out he didn't like it a few years later.

Yes, if you pay a lot per month, it really does kill your monthly payments down. With my current loan, it started out at 500/mo, and now the requirement is down to 300/mo. It also puts you ahead on your payments. I'm 6 months ahead on my payments. If I log onto my loan account, it shows I don't need to make a payment for 6 months.

Kind of a nice buffer in this economy, to have 6 months of time on your loan.
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