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Posted in Auto Loans
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Help New Car Loan
I recently bought my wife a new car and was desperate enough to sign for 21,294 at 21.36 interest. My intention was to refinance the car after 6mo. I did an amortization and found out that I would be paying for the car twice if I only pay the 527/mo. note in 72 mo. I want to build my credit but feel I'm going backwards. Is my only option doubling up on payments? Will this even help me build my credit and save money on all that interest? I would really appreciate any ones input.

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