I have a 9 % interest rate on my 2011 jeep my payment is $395 a month. I checked my statement and it says only about $125 goes to the principle.
Why is that ? I thought if you multiply 400 x .09 thats $34 extra you pay on top to cover interest.
I feel like im getting screwed and i feel like trading it in on a older civic or something. I love my jeep but iv been running into some serious financial issues lately.
Why is that ? I thought if you multiply 400 x .09 thats $34 extra you pay on top to cover interest.
I feel like im getting screwed and i feel like trading it in on a older civic or something. I love my jeep but iv been running into some serious financial issues lately.