Financing Vehicle - Minimum Payments?
When I bought my last car new I was told that I should just make the minimum payments in the event:
I don't like the car
I wreck the vehicle
I lose my job and am unable to pay for the vehicle
At what point do you decide to make a higher payment to reduce the interest? How do you make your payments for your Mirage? At this time I have only made the minimum payments on my current vehicle and am in the process of canceling the extended third party warranty I paid over $2,000 for. Prorated, of course, but it will go back and reduce the remaining payments...
View my fuel log 2010 Yaris 1.5 manual: 36.9 mpg (US) ... 15.7 km/L ... 6.4 L/100 km ... 44.3 mpg (Imp)