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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