by Anonymous on August 11th, 2009

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If i pay off my new car do i still haft to pay all the finance charges or just what the car is worth.

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by quizzicle on May 25th, 2011
You only pay interest for the time you borrow the money.

If you take out a three year note and pay it off in two years you pay two years interest.

Once financers tried to charge an early payoff penalty, but the government outlawed it. Each statement you get or if you contact the financer, they are
required by law to tell you what you must pay in order to terminate the loan.
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by TheGrimReefer on May 25th, 2011
The car was paid for when you picked it up. You took a loan at that time which paid for the car. Now you are responsible for paying back the loan.
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If i pay off my new car do i still haft to pay all the finance charges or just what the car is worth.

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