Forum Discussion

SlothHorn's avatar
SlothHorn
Explorer
Aug 16, 2020

Is it possible to finance a $23K trailer for 180 months?

I've noticed that my credit union only extends out to 8 years or so. I just clicked on the GoodSam financing table. The max for a $23K trailer is 12 years @ 8.49%. Note: We have near-perfect cre...
TomG2's avatar
TomG2
Explorer
Aug 18, 2020
wapiticountry wrote:
.... When you pay extra, it is automatically applied to the balance, not future payments, by law. Lenders will often also advance the next payment due date when excess payments are received...


Both the principal is reduced AND they advance the next payment due date? Looks like it would be one or the other.

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