Our local salesman is trying to talk us into a simple interest loan on a new car. What are the pros and cons of going this way? I can't rely on him to give me any cons! :-)
What are the pros and cons of a simple interest loan on an automobile?
I don't really know what that means, but basically you should pay as much as you can each month (with the lowest interest rate). If you pay in small installments the interest is going to start adding up. Soon you'll be paying less than the interest each month and you'll be screwed.
azalea tree
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