- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Can anyone help me with info on car loan "blanket" or "window"
Posted on 7/4/13 at 1:32 pm
Posted on 7/4/13 at 1:32 pm
Never heard of this, being told it is a 5yr loan with interest, but string the payments over 1 or 2 more years non interest to get payment down. Is this legit? I'm told it is common after Katrina.
Anyone validate this? Thanks
Anyone validate this? Thanks
1
Posted on 7/4/13 at 1:52 pm to MakeMoney
quote:
Never heard of this, being told it is a 5yr loan with interest, but string the payments over 1 or 2 more years non interest to get payment down. Is this legit? I'm told it is common after Katrina.
Anyone validate this? Thanks
Yeah, you can increase the term of the loan, interest compounds, therefore makes the lender more money the longer the term of the loan. You get fricked though, because the car doesn't get less expensive (in fact it gets significantly more expensive), you just have a lower monthly payment. STUPID STUPID STUPID, DON'T DO THIS.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News