Tag: refinanced
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When A Car Loan Needs To Be Refinanced And How To Avoid Errors
Let’s say you’re applying for a $ 20,000 car loan for 60 months with an interest rate of 8%. If you paid your loan on time without losing any payment, you would pay a total of approximately $ 24,332. After 12 months, assuming you make all your payments on time, your loan balance would drop…