Should People With Good Credit Do When Buying A Car?

should people with good credit do when buying a car? If you have good credit, then you need to shop around for the best auto deals in your area. Apply where you see the best rates. Try different lenders...

Apply where you see the best rates. Try different lenders to see all the different terms and conditions. Choose and select what is best for you.


Q: What is the penalty for an early pay off?


Generally, there is not a penalty for an early pay off. There are two types of interest rate calculations: Simple interest, which earns you interest like a credit card, is based off of 12 months and the remaining interest that you have left on a daily basis. As your balance goes down, you have a lower interest rate each month. Then, there is something called rule of 78's, where you pay a lot of the interest up front. As it matures you pay less interest. If you have an early pay off there is rebate that is refunded to you


© High Speed Ventures 2011