Forum Discussion
time2roll
Aug 17, 2020Nomad
thomasmnile wrote:+1 Just not a big deal really.
Had a 15 year loan (dealer finance through Bank of America Specialty Vehicles), 4.99 simple interest. Paid it off in 7 years, didn't have to make arrangements, seek permission or anything. The additional payment each month was applied to principal,the scheduled payment had the interest taken out of it. Final payment I made was the payoff balance I obtained from B of A, and just like a car loan that figure was good for 10 days. Everything ended happily ever after.
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