Car loan

[Googlie]

New Car ki loan 5.5% cheptunadu for 60 months 

can we go ahead now 

but refinance from a different bank after interests rates decrease after 1 year or so ? 
 

will there by any penalty charges ? 
 

pre-pay cheste no penalty antunadu BOA vadu 

but refinance loan teskotaniki edina issues vuntaya future lo ? 

[nenu_meeku_telusa]

Shouldn’t be any issues. You can refinance. But always new loans kante refinance loan will have a bit higher. But shouldn’t be this high. 

[soldier]

Kallu musuluni tesukovali

7 nadustunsi bayata 

[Kootami]

1 hour ago, Googlie said:

New Car ki loan 5.5% cheptunadu for 60 months 

can we go ahead now 

but refinance from a different bank after interests rates decrease after 1 year or so ? 
 

will there by any penalty charges ? 
 

pre-pay cheste no penalty antunadu BOA vadu 

but refinance loan teskotaniki edina issues vuntaya future lo ? 

Car loan one year tarvatha refinance chestey ...overall ekkuva kadathav . Amortization chudu okasari , first one year everything goes towards interest . Try to put more down and take balance transfer rest  for less APR . Car loan rates are all time high man 

[praying]

1 hour ago, Kootami said:

Car loan one year tarvatha refinance chestey ...overall ekkuva kadathav . Amortization chudu okasari , first one year everything goes towards interest . Try to put more down and take balance transfer rest  for less APR . Car loan rates are all time high man 

amortization is depreciation for intangible assets kada anna, car is a real asset no? how does amortization even come to play in this situation?

[Thokkalee]

2 hours ago, Googlie said:

New Car ki loan 5.5% cheptunadu for 60 months 

can we go ahead now 

but refinance from a different bank after interests rates decrease after 1 year or so ? 
 

will there by any penalty charges ? 
 

pre-pay cheste no penalty antunadu BOA vadu 

but refinance loan teskotaniki edina issues vuntaya future lo ? 

DCU 5% ki isthunnadu kada for electric cars.. if not, 5.25.. 

usually there is a loan fees of $500 or more every time you apply for a loan.. you will lose that.. 

[matta_prabhu]

5.5 antra?

1.9 ledha?? 

[Kootami]

58 minutes ago, praying said:

amortization is depreciation for intangible assets kada anna, car is a real asset no? how does amortization even come to play in this situation?

Amortization is for any loan kada

[Andhrodura456]

4 hours ago, Googlie said:

New Car ki loan 5.5% cheptunadu for 60 months 

can we go ahead now 

but refinance from a different bank after interests rates decrease after 1 year or so ? 
 

will there by any penalty charges ? 
 

pre-pay cheste no penalty antunadu BOA vadu 

but refinance loan teskotaniki edina issues vuntaya future lo ? 

@sarfaroshi @ChutiyaSaala steal in @texas ani telling to @8pm

[allbakara]

1 hour ago, matta_prabhu said:

5.5 antra?

1.9 ledha?? 

30 yrs ki chance untadhi but not for 60 yrs

[csrcsr]

1 hour ago, praying said:

amortization is depreciation for intangible assets kada anna, car is a real asset no? how does amortization even come to play in this situation?

anna is telling when u refi first year malli interest heavy payments

57 minutes ago, Kootami said:

Amortization is for any loan kada

Amortization is paying off a debt over time in equal installments. Part of each payment goes toward the loan principal, and part goes toward interest. As the loan amortizes, the amount going toward principal starts out small, and gradually grows larger month by month.

[quickgun_murugun]

1 hour ago, matta_prabhu said:

5.5 antra?

1.9 ledha?? 

Bayata 7 ki takkuva ledu kaka