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Have until 2028 to pay car loan. What to do
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My car is financed through Westlake financial. I bought the car 1 year ago for $16k. I just found out I still have $15k left on it even though I've been paying $500/month since February 2023 never missing a payment. It's a 9% interest rate. How am I supposed to pay it off by 2028 when I'm only paying $1k a year? What happens if I don't pay it off by then? I barely understand what the Westlake people are saying
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- 9 months ago
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