02-01-2024, 07:47 AM
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Senior Member
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Join Date: Oct 2009
Posts: 5,859
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Quote:
Originally Posted by LJohnny
My understanding is that once going through dealership financing, they get their interest (in full for the loan term) no matter how quickly you pay after signing. I think financing through a credit union-type institution allows for interest to be paid at the rate of the agreement until the loan is paid, ie if paid before the term of the loan, paid interest amount paid will be lower.
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This is bad info.
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