Because of how car interest works, you actually pay more interest charges earlier in your loan than near the end. (ifsautoloans.com)
The reason that car loans behave this way is that monthly payments at the beginning of a car loan include more interest charge than the payments at the end of a car loan. (ifsautoloans.com)
These payments are over $ 100 less than your previous loan's payments; however, in the end, you will pay more for your car because you will pay more interest charges. (ifsautoloans.com)