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Car Loan Repayment
July 27th, 2010 by admin
When figuring out the repayment terms of Car Loans, it is highly recommended that you stick to the shortest time possible. True, the minimum payments will definitely be higher, but the amount of interest you pay will be less. Also, the loan will be paid off faster, which frees up your funds for other important items. A great tip to try -make extra payments if you receive a bonus or an unexpected windfall. You can use your tax refund to make a one-time payment on the loan. After all, the sooner you pay it off, the better your overall finances will be.