Car Loans

Another Interest Rate Determining Factor

December 22, 2008 · Leave a Comment

Your monthly payment on a car finance loan can be higher or lower. It depends on several factors such as how fast you want to pay back. If you pay back faster your interest rate is lower, however your payment will be higher since you will be paying it back faster. If you have a higher down payment you will also have a smaller monthly payment and most likely a lower interest rate.

Categories: car financing
Tagged: , , , , , , , ,

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment