My payments have not be applied to principal and I have been paying on time for almost two years.
Related: Santander Consumer Usa - Auto Loan Review from Amarillo, Texas
Santander Consumer Usa Auto Loan.
Reason of review: Problems with payment.
Review #914267 is a subjective opinion of
In ALL car loans, payments are first applied to interest. As you continue making payments, more and more goes to principle.
The process is called AMORTIZATION and had been around since the sun first rose! When you pay all the interest and all the principle you owe nothing.
There's no fraud or deception here. It's nothing more than Finance 101!
Why can't you tell me something that I don't know???
"When you pay all the interest and all the principle you owe nothing." Wow, that's brilliant! Did you go to college to learn that?
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