One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.
On a used car loan, you will generally have to pay between 4 and 10 % interest on your loan. Of course that depends on which lender will finance you, the age and condition of the used car, and of course your credit rating.
She could have to pay $1924.02 in interest.
She could have to pay $1924.02 in interest.
She could have to pay $1924.02 in interest.
She will pay $1,924.02 in interest.
She could have to pay $1924.02 in interest.
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
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2500.58 (A+)