According to an auto loan amortization calculator I should have had $126.00 towards interest for the 1st payment. My interest rate is 8.59%. Why so low for the 1st payment? Are they using a different amortization schedule?
My auto loan amount is $17,629.23 and my monthly payment is $304.59, they only took $66.19 interest?
Is it a partial month payment?
My auto loan amount is $17,629.23 and my monthly payment is $304.59, they only took $66.19 interest?
I came up with the same as you... you should check to see if the amount towards the principle adds up.
My auto loan amount is $17,629.23 and my monthly payment is $304.59, they only took $66.19 interest?
Did you get the amortization from the loan co or did you get your own? Call the loan co and ask how much the break down was between interest/principle.
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