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11.49 % interest 60 month car loan $341 a month how much to pay it off in 36 months?*
How much extra would I need to pay to have it paid off in 3 years?
original balance is $15,441
Answers:
1) Did your lender give you a printout of projected payments vs balance remaining? See what the balance remaining would be at the 36 month remaining point (2 years into the 60 month loan). That amount, approximately, would have to be paid off over the 36 months (in addition to the normal payment).
2) Try using this loan calculator to figure it out, the site has a loan calculator and a mortgage calculator http://www.monitorbankrates.com/mortgage-calculator
3) It should really save you hassle to just get an auto loan quote online to check out what todays rates are. You might be totally suprised. Also if your credit is not the best, a lot of them are more willing to work with you. What I most often tell folks is that an internet quote at http://auto.lowratetoday.com is what I would do.
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