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Help answer this question below.
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.
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.
How do I calculate a car loan payment rate?
by Answerbag Staff on June 9th, 2010
| 1 person likes this
Can Someone take over my Car Loan?
by kyo6_6 on June 16th, 2011
| 1 person likes this
Is auto loan interest tax deductible?
by Answerbag Staff on May 21st, 2010
| 1 person likes this
my car payment is $625 per month. My intreats rate is 10% on a 72 month loan.extra per month should I pay to pay it down 1 to 2 years early?
by Anonymous on April 7th, 2011
| 1 person likes this
What is a vehicle title number?
by Answerbag Staff on May 12th, 2010
| 1 person likes this
You're reading 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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