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How much is or how long will it take to pay off 8k auto loan 12% interest rate?

crazybluecars09 asked:

About to take a auto loan, and if I find a car 2006 and up my interest rate would be 2% but anything below 2006 it’s around 12-13 so my question is how long will it be to pay off a 8k loan, payments around 185 a month for 48 months at a interest rate of 12 or 13%?
Asked on: 2012-10-27 14:54:29

3 Comments

  1. Look on the contract. Car loans stipulate 36, 48, 54, 72 months repayment period.
    Peace.

    Last line says 48 months. Are you not believing yourself??

  2. ? where are you getting a 2% APR on a 6 yr old used car?

    Your contract will spell out term. typically on this doallar amount, you are looking at a 24-36 moht contract.

  3. Dan B says:

    Your answer is in your question – 48 months! 2%^on a used car is unheard of.

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