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SVTPerformance's Chain of Restaurants
Road Side Pub
I'm dumb - can someone explain the difference to me? USAA auto loan.
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<blockquote data-quote="ZYBORG" data-source="post: 13337615" data-attributes="member: 40262"><p>If I am not mistaken, the reason for that is because USAA gives you the option (principal only) to pay towards the loan only BUT they still require your monthly interest dues on the loan (regular payment).</p><p></p><p>Its the bank's way of collecting their interest up front or as much as possible in case you pay off your vehicle early.</p><p></p><p>Hopefully that makes sense.</p></blockquote><p></p>
[QUOTE="ZYBORG, post: 13337615, member: 40262"] If I am not mistaken, the reason for that is because USAA gives you the option (principal only) to pay towards the loan only BUT they still require your monthly interest dues on the loan (regular payment). Its the bank's way of collecting their interest up front or as much as possible in case you pay off your vehicle early. Hopefully that makes sense. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I'm dumb - can someone explain the difference to me? USAA auto loan.
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