Saturday, October 31, 2009

Toyota Car Loan Equity?

Recently on November 14, 2007, I did the dumest **** in my life...Traded a negative equity old car in and got a 2005 Toyota Corolla CE with 17.49% Interest =l For 75 months



My orginal amount finanacied was 17153.00



My schdeule payments is 380.31, which is around 28 stacks when it's all over with....



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I doubled my first payment.....



I plan to do that every month



How long will it take for me to pay if off?



Should I let my amount owe get round $5000 than trade it in?



How much will a 05' Toyota Corolla CE be worth in 3 - 4 years between 40 - 60 k/miles in perfect condition?



Toyota Car Loan Equity?

IF you were to double up every payment, you would pay it off in 2 years and 4 months, which reduces your interest paid to $3860.23. This is assuming you have a 75 month simple interest auto loan with no prepayment penalties. I will give you a link and you can email me if you have questions.



http://www.bankrate.com/brm/auto-loan-ca...



Toyota Car Loan Equity?

If you double your payment every single month, your car will be payed off in 2yrs 4months.. Check out bankrate.com, it has an auto payment calculator, you can put your numbers in it, also you can add extra payments monthly or yearly and it will calculate for you when the car will be payed off. If you can afford, double your payments so you can beat the interest. The Toyota keeps it's value, specially if you keep it long, it will be Ok. Assume You did not have too good credit, but if you pay this car off, than that will change. Just don't trade this one in!!



Toyota Car Loan Equity?

Under your condition,I advise here for you to have a visit.http://carloan.featured-resources.info/b...

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