I just got approved through US Bank. No details yet. What other banks so this? Also he was relunctant to give me the terms, only the payment amount $280. what has been your experiences?
Thanks
Thanks
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"If the truth ceases to exist, then so shall we all."
DEEJ -
The APR will be high-24%-27% most likely. But, if you're WAY upside down it can be an overall savings-especially if you can pay extra, get paid off sooner, and save some of that interest.
# of months will probably be somewhere between 48-60. I don't think they go beyond that. If you're financing a total of about $9500 (they include a loan fee, maybe others-not sure) then a $280ish payment would be right for about 60 months. If you pay an extra $40-45/mo you'll pay it off a year sooner.
If you're financing about $8500, you'll be closer to 48 payments. An extra $60/mo will save you a year.
In either case, they do compound daily-so you'll pay less overall if you pay before your due date, will pay extra if you pay after your due date, etc.Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision.
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