Oct 3, 2022
3:48:13pm
3:48:13pm
Would be a fair amount more than that at 5%. An $85,000 loan (which assumes the
two loans were not actually for more than 85K/each, which is likely given the fact that they currently have 170K in car debt) at 5% would mean a monthly payment of almost $1400 per car on a 6-year loan (which is a very long car loan). Shorten the term of the loan and that monthly nut skyrockets.
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