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nc_dixieman
Guest
I am wanting to pay my car off 12 months early on a 36 month loan. The loan was for $9000.00 with a $1700.00 trade in = $7300.00. My interest rate is 9% which brought the total after 36 regular payments of... $9000.00 (weird). The dealer calculated a payment of $250 a month with the last being a little less. I don't know what method they used for the calculation other than what a bank told them to use and the dealer isn't quite sure what my pay off amount would be by paying off the loan on the 24th month and the banks are closed for the weekend. Any ideas as to what my final amount should be roughly?
Oh and to add... I have never been late and have always paid $250 a month. No extra payments have been made nor have there been any defferred payments. If I just make a standard payment on the 24th month... my regular balance would be $3000.00
Oh and to add... I have never been late and have always paid $250 a month. No extra payments have been made nor have there been any defferred payments. If I just make a standard payment on the 24th month... my regular balance would be $3000.00