Question about 2003 Toyota Corolla

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How to compute monthly payment for money borrowed at 18% interest rate per year for two years on a diminishing balance?Amount borrowed is 350,000.00.

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If you need to borrow 350,000,it may be time to end your existance in this galaxy,don't you think. When you borrow that much you pay 5%

Posted on May 27, 2010

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Posted on Jan 02, 2017

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How to Pay Off a Car Loan Faster?


Depending what company you are with most will let you make extra payments. Some people spend money on going out to eat or buying coffee each day Well put the money you spend for coffee and lock it in a place and once a month put that on your loan. Coffee at two dollars a cup every day means over seven hundred dollars a year. Some people can save over a thousand dollars a year or more that way.
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I have a 5 year auto loan with chase auto and am on my 3rd year of payments. I've never missed a payment and still owe almost as much as i borrowed. the refuse to change my due date and continue to keep...


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In the United States auto loans vary as do the terms for early pay-off's of the loan so you would have to read your original contract to determine if there is a penalty for paying it off early. I have only paid one car off early and there was no penalties assessed nor did I have to pay off the interest which had not yet accrued.

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