Forum Discussion
bigdogger
Sep 17, 2013Explorer II
sh410 wrote:Haven't seen a vehicle loan that wasn't a simple interest loan in many, many years. You might see a pre-payment penalty on a big loan, but that is a different issue.wny_pat wrote:
Not a bank, credit union, or loan company out there that is doing loans using simple interest!!!
:?
Out here all institutions use simple interest and disclose the APR on the loan papers whether its at the dealer or a lending institution
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