megadheera Posted September 18 Report Share Posted September 18 Ee rate cut tho auto loan rates emaina tagge avakasam unda? Maree 6% undi ippudu. @csrcsr @Konebhar6 Quote Link to comment Share on other sites More sharing options...
csrcsr Posted September 18 Report Share Posted September 18 1 minute ago, megadheera said: Ee rate cut tho auto loan rates emaina tagge avakasam unda? Maree 6% undi ippudu. @csrcsr @Konebhar6 Taggutayi e rate degara consolidate avutayo chudali all mortgages, credit cards , auto but some lenders have factored 25 , as it is 50 we should see new rates soon anna , koni padeyi model s x etc etc Niku endi kotta job , kotta car Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted September 18 Report Share Posted September 18 2 minutes ago, megadheera said: Ee rate cut tho auto loan rates emaina tagge avakasam unda? Maree 6% undi ippudu. @csrcsr @Konebhar6 Of course, they should also drop. 2 more rate cuts this year (25 basis points each), 4 rate cuts in 2025 (25 basis points each), 2 rate cuts in 2026 (25 basis points each) Year end elago cars manchi deals untai kada, go for it. Also auto sales anta baga levu ani vinna, you should get better prices and better finances. 1 Quote Link to comment Share on other sites More sharing options...
megadheera Posted September 18 Author Report Share Posted September 18 Just now, csrcsr said: Taggutayi e rate degara consolidate avutayo chudali all mortgages, credit cards , auto but some lenders have factored 25 , as it is 50 we should see new rates soon anna , koni padeyi model s x etc etc Niku endi kotta job , kotta car Already konna daanike $1400 kaduthunna Anna every month..vaachi pothundi. Koncham rate taggithe refinance chedhamani chusthunna 2 Quote Link to comment Share on other sites More sharing options...
SwamyRaRa Posted September 18 Report Share Posted September 18 5 minutes ago, megadheera said: Already konna daanike $1400 kaduthunna Anna every month..vaachi pothundi. Koncham rate taggithe refinance chedhamani chusthunna Elaborate more Quote Link to comment Share on other sites More sharing options...
megadheera Posted September 18 Author Report Share Posted September 18 4 minutes ago, SwamyRaRa said: Elaborate more Bought GLE 350 last year. 70K loan at 6% for 60 month. Paying 1400 every month Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted September 18 Report Share Posted September 18 7 minutes ago, megadheera said: Bought GLE 350 last year. 70K loan at 6% for 60 month. Paying 1400 every month Ante almost by now u must have paid at least half of your interest Quote Link to comment Share on other sites More sharing options...
megadheera Posted September 18 Author Report Share Posted September 18 2 minutes ago, kevinUsa said: Ante almost by now u must have paid at least half of your interest Anna manam lekkallo weak aa? Last year ye kada teesukundi.. appude half interest ela pay chesunta 😁 Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted September 18 Report Share Posted September 18 8 minutes ago, megadheera said: Anna manam lekkallo weak aa? Last year ye kada teesukundi.. appude half interest ela pay chesunta 😁 As far as I know banks collect interest first and then they go after the principal amount so if you have taken a car for 70 grand and it's been over 12 months so it means that it's 1400 * 12 that's around 16,800 so I believe that for the total interest you would be paying is around 21,000 so I think you have paid half of your interest on the loan you have taken I may be wrong please throw some light even I did not know this one Spartan has mentioned about this so 1 Quote Link to comment Share on other sites More sharing options...
csrcsr Posted September 19 Report Share Posted September 19 38 minutes ago, megadheera said: Anna manam lekkallo weak aa? Last year ye kada teesukundi.. appude half interest ela pay chesunta 😁 His point is amortization schedule initial months lo majority if your payment goes to interest not principle. Quote Link to comment Share on other sites More sharing options...
csrcsr Posted September 19 Report Share Posted September 19 30 minutes ago, kevinUsa said: As far as I know banks collect interest first and then they go after the principal amount so if you have taken a car for 70 grand and it's been over 12 months so it means that it's 1400 * 12 that's around 16,800 so I believe that for the total interest you would be paying is around 21,000 so I think you have paid half of your interest on the loan you have taken I may be wrong please throw some light even I did not know this one Spartan has mentioned about this so Just now, csrcsr said: His point is amortization schedule initial months lo majority if your payment goes to interest not principle Quote Link to comment Share on other sites More sharing options...
VanceChilukuri Posted September 19 Report Share Posted September 19 52 minutes ago, megadheera said: Bought GLE 350 last year. 70K loan at 6% for 60 month. Paying 1400 every month how were you able to afford a 70K car ? what's your household income ? Quote Link to comment Share on other sites More sharing options...
megadheera Posted September 19 Author Report Share Posted September 19 35 minutes ago, kevinUsa said: As far as I know banks collect interest first and then they go after the principal amount so if you have taken a car for 70 grand and it's been over 12 months so it means that it's 1400 * 12 that's around 16,800 so I believe that for the total interest you would be paying is around 21,000 so I think you have paid half of your interest on the loan you have taken I may be wrong please throw some light even I did not know this one Spartan has mentioned about this so 5 minutes ago, csrcsr said: His point is amortization schedule initial months lo majority if your payment goes to interest not principle. Usually house mortgage ki ala untadi. Auto loan payments are not like that Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted September 19 Report Share Posted September 19 45 minutes ago, megadheera said: Anna manam lekkallo weak aa? Last year ye kada teesukundi.. appude half interest ela pay chesunta 😁 If you are taking refinancing you will be paying interest again so better to stick and payoff the car asap and dispose it You would have been in a far better situation if have had taken a lease Quote Link to comment Share on other sites More sharing options...
megadheera Posted September 19 Author Report Share Posted September 19 5 minutes ago, VanceChilukuri said: how were you able to afford a 70K car ? what's your household income ? Emo Anna.. @csrcsr uncle Peru cheppagane ichesaru loan 1 Quote Link to comment Share on other sites More sharing options...
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