Legal Question in Consumer Law in Illinois

car interest

if you pay off a car 2 years earlier , are you not entitled to some sort of refund?


Asked on 1/04/08, 5:40 pm

1 Answer from Attorneys
Joseph Michelotti Michelotti & Associates, Ltd.

Re: car interest

No. The note frontloads the interest.

The discount is the fact that you don't have to make the additional payments.

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Answered on 1/05/08, 10:15 pm


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