How do I figure out what interest rate I got on my current car loan? My payments/term... $340.54/mon

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Need your principal balance, impossible to figure out without that number.

http://ray.met.fsu.edu/cgi-bin/amortize

Go to this site. Put in your original principal balance, Put in your 12 payments per year, Put in 60 payments, put in your payment amount. Leave everything else black and hit calculate. That will give you your interest rate.

Good luck. I would have figured it, but you can figure it yourself with your principal.

How do I figure out what interest rate I got on my current car loan? My payments/term... $340.54/month; 60mth

it really should be in your paper work for the loan, usually they are around 8/9 %

How do I figure out what interest rate I got on my current car loan? My payments/term... $340.54/month; 60mth

It should be on your Truth In Lending disclosure.

If not, we cant figure it out without knowing the principle amount. (The amount you financed)

How do I figure out what interest rate I got on my current car loan? My payments/term... $340.54/month; 60mth

340.54$ x 60 = ur total payment

munus the total cost of the car tax and everything

equals thats how much u paid for your intrest

How do I figure out what interest rate I got on my current car loan? My payments/term... $340.54/month; 60mth

Remember when grandpa said, "Always read anything before you sign it." This is what he was talking about.

Your rate should be in your contract.

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How do I figure out what interest rate I got on my current car loan? My payments/term... $340.54/mon

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