i called the bank where i have my car loan & asked what was my payoff amount & she said that the balance is the same as the payoff & i asked why would'nt i save on my interest & she said because i have a daily interest of $1.13??? what kind of crap is this, can someone please explain why i wouldnt save money by paying off my car 1 yr & 1/2 early? thx.
the amount left is $3300 & she said if i pay it off today i would have to pay $3300, nothing saved.
ok i added all 41 payments in my book, 175.93 x 41 payments comes to $7213.13, i've paid 22 payments never late comes to 3870.46 & i still owe 3310.60 which she said is the payoff & bal. where is the payoff savings?
the amount left is $3300 & she said if i pay it off today i would have to pay $3300, nothing saved.
ok i added all 41 payments in my book, 175.93 x 41 payments comes to $7213.13, i've paid 22 payments never late comes to 3870.46 & i still owe 3310.60 which she said is the payoff & bal. where is the payoff savings?