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Topic	Do I lose money if I take a 60 month loan and pay it off fast vs a shorter loan?
zinezinzadan 04/05/18 7:14:51 PM #1:	12 or 24 month loan paid in minimal asking increments, whatever is the minimum payment.. Or a 60 month loan which has a much lower minimum payment, but paid incredibly fast, in 12 months. Which one would you save money on? The 12 or 24 month loan gives higher interest than a 60 month loan, so I'm really curious about this. I am a bio chemist, I did not take any finance courses in college. This goes for anything I guess. Cars, houses, computers, whatever.. But mainly cars, thats what most people would benefit knowledge on this from. --- i7 6700k @ 4.0GHz / Z170 Extreme 6 SUPER / EVGA GTX1080 / SSD 850 Evo / 2TB HDD / Cooler Master Hyper 2012 EVO <cite>zinezinzadan posted [p:899124679] in Do I lose ... [t:76488612]...</cite> <quote>12 or 24 month loan paid in minimal asking increments, whatever is the minimum payment.. Or a 60 month loan which has a much lower minimum payment, but paid incredibly fast, in 12 months. Which one would you save money on? The 12 or 24 month loan gives higher interest than a 60 month loan, so I'm really curious about this. I am a bio chemist, I did not take any finance courses in college. This goes for anything I guess. Cars, houses, computers, whatever.. But mainly cars, thats what most people would benefit knowledge on this from. --- i7 6700k @ 4.0GHz / Z170 Extreme 6 SUPER / EVGA GTX1080 / SSD 850 Evo / 2TB HDD / Cooler Master Hyper 2012 EVO</quote> ... Copied to Clipboard!
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