how does car financing work? Many questions like this, how does car financing works, dealer car financing, bank loan, car financing and somthing like this, and this is the same question like, how does car financing works?
And intresting thing is, the answer about tis question is "this is the monthly headache". Very funy.
This is the basic answer of this question is...
If u want to lease, or finance a car through bank of 10,000 $ and intrest rate is 15% and lease duration is 5 year, its mean that for 1 year intrest is 1500$ x 5 years=7500$ and divide it on 12month x 5 year= 60 months. So u wil payback loan of 17500$ in loan time.
The payback of loan, or car financing is monthly billing system..
Tuesday, December 23, 2008
how does car financing work
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