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How Much Is My Car Loan Interest Each Month? #shorts

Honest Finance 68 views

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Comments


@vaness9639
 Why is my balance decreasing but intrest amount moving up for the past 3 months ? brIf anyone has an answer I would appreciate it
Comment from : @vaness9639


@westcoastmediasolutions
 What app you use to make your shorts?
Comment from : @westcoastmediasolutions


@thabithadiale8999
 ❤
Comment from : @thabithadiale8999


@danikeebler1662
 The next time I buy a car I will get a loan The cost will he less because they are counting on the interest to make up for the lower cost As soon as I leave, I will pay the car off in cash It will save me the 106×12 × the number of years in interest
Comment from : @danikeebler1662


@Jpwithdavette
 My interest rate is 23 , if I refinance in a year will it go down ?
Comment from : @Jpwithdavette


@hs_alduri
 That’s wrong because, my interest rate is 2381 and car total is 34272$ Monthly I pay 907$ and they take from me as interest 692$ just interest which is more than 2381
Comment from : @hs_alduri


@acesy187
 what about bi-weekly?
Comment from : @acesy187


@kaosiscute3794
 So the interest payment would decrease every month?
Comment from : @kaosiscute3794


@mickfalvey6045
 What if it’s calculated daily?
Comment from : @mickfalvey6045


@jarvisgrzanich1237
 Thank you so much 🙏🏽🙌🏽 truly I don’t know why this isn’t taught in schools
Comment from : @jarvisgrzanich1237


@kimberlywalker2426
 Would I apply this to a CD as well?
Comment from : @kimberlywalker2426


@RonaldGonald
 Geez didn’t realize how much interest was
Comment from : @RonaldGonald


@Gymjb5
 Thanks
Comment from : @Gymjb5


@theannihilator1707
 So $106 every month?
Comment from : @theannihilator1707


@marcogomez5386
 So I pay $465/month The caluculated monthly interest is comes to about $115/month Should I be paying $580? If so, how does this work in my favor? I feel like I understand it, but I need someone to break it down for me😅😅😅
Comment from : @marcogomez5386


@07_nis23
 Definitely 💯 help
Comment from : @07_nis23


@outlawedmedia4336
 I bought a $90K Bronco Raptor with 13 interest Am I smart?
Comment from : @outlawedmedia4336


@AnthonyLobo18
 I pay 166 every month on interest at 19 with a 2016 dodge challenger
Comment from : @AnthonyLobo18


@rockinpoppy
 Thank you for simplifying this you made it much easier
Comment from : @rockinpoppy


@Daissweetest
 How to figure how much interest at the end of 60 months? Thank you
Comment from : @Daissweetest


@elliottharris9015
 This should be taught in schools
Comment from : @elliottharris9015


@LonzoTVseries
 Every month the monthly payment changes?
Comment from : @LonzoTVseries


@daniellenard2872
 So basically , the interest amount is deducted from car payment and the remainder is going to principle ? Can you please do a video on if I make an extra half payment each year how much interest would I save and do I plug the extra payments to the principal or to the interest?
Comment from : @daniellenard2872


@thehangrymonster
 would It make a difference if I pay the interest for the full year?? or will I continue to be charged interest ty
Comment from : @thehangrymonster

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