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How car loan repayment options?

       car loan repayment options choose?
to pick your repayment options, can help you save a lot of money. There are two most common repayment of car loan, namely: equal interest and equal principal.
 , for both car loan repayment method, which is more suitable for car buyers? now take a small series of simple analysis for everyone:
, benefits of equal
principal and interest repayments have two:
  1, is easy to remember: because the same equal monthly payments of principal and interest, the borrower can easily remember.
2, repayment pressure: comparison with equal principal, periodic repayments under way, borrowers need to take the same repayment pressure.
under periodic, fixed principal and interest payments, borrowers ' repayment easier, but larger total interest expense.
"suitable" financially secure buyers
Second, equal principal
biggest advantage of equal principal repayment is: less total interest expense! but in this way the repayment, borrowers needed upfront expenditure of more loan repayments in the early pressure, but over time the monthly repayment amount will gradually decrease.
"apply for" higher-income buyers
car loan repayment options how to choose? make believe borrowers should choose according to your own situation, because equal interest and equal principal each has its own advantages and disadvantages. Through the above described, we hope to bring some help.

 

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