H still refuses giving up his truck. GRR. Anyway, I was looking at the payment history on it and I noticed that the principal/interest payments vary quite a bit. I currently have it set up to automatically withdraw on the due date and it looks like about $150-$200 goes straight to interest. Before we had the automatic withdrawal I can see that the interest would vary from $70 to $300. I couldn't see a direct correlation between payment date and interest amount. So my question is if I move the auto to a few days before the due date would it make a difference in the interest/principal ratio?
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Re: Auto Loan Interest