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Thread: Whats the interest on a 145 000k car +-?

  1. #31
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    Quote Originally Posted by iceblue View Post
    make your deposit into the finance account before the first installment comes off
    Does it really matter if you make the payment before the first installment or can you make it after your 1st payment?

  2. #32
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    Quote Originally Posted by Fazda View Post
    Sorry, but it's the opposite - the bigger the loan, the better the chance of a low interest rate.
    Well perhaps that is a car thing... with a house we found the opposite.

    Big deposit... low interest rate.

    Perhaps with cars they have different ways of assessing risk. Also they have to make a certain amount of money, so if the loan period is shortened they might have to offer a higher rate.
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  3. #33
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    Quote Originally Posted by KOPITE View Post
    Does it really matter if you make the payment before the first installment or can you make it after your 1st payment?
    In the long term not really. Mathematically it will make a small difference because you will pay interest on that first month... your first month is also the most interest you will pay over the entire period.
    "What can be asserted without proof can be dismissed without proof." ~ Christopher Hitchens

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  4. #34
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    Quote Originally Posted by Nerfherder View Post
    In the long term not really. Mathematically it will make a small difference because you will pay interest on that first month... your first month is also the most interest you will pay over the entire period.
    thanks for clearing that up

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