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question in regards to monthly payments
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01-27-2009, 12:54 PM
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RPO_Z28
Drives: 2007 C6Z
Join Date: Jan 2009
Location: RVC, New York
Posts: 1,748
If you have a payment of $400 and you pay $450, next month you would have a payment of $350. Auto loans are not like mortgages. It doesn't reduce the principle. There is no provision for that on a retail auto contract.
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