Thread: Amortization??
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Old 07-14-2009, 05:20 PM   #28
Brokinarrow


 
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Drives: 2012 Honda NC700x
Join Date: Sep 2008
Location: Indianola, IA
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Quote:
Originally Posted by bumblebee123 View Post
Can someone from here explain this to me? I forgot to ask what it means. Basically what's happening is I'll be getting my Camaro next Wednesday. It'll be financing it for 60 mos at $675 per/mo. Now she mentioned something about amortization and balloon payment to go on 96 mo. Can someone help? I can't sleep right now due to im thinking about it. Please dont flame me...
I think you'll only have to worry about that if you do a 96 month loan (which is REALLY unheard of for an auto loan). Just calmly ask her to explain everything as simply as she can to ya.
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