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

[KOPITE]

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?

[Nerfherder]

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.

[Nerfherder]

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.

[KOPITE]

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