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Old 11-05-2013, 10:24 PM
JB in TV JB in TV is offline
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KeepingItReal, this is not a whole lot different than the way a home loan is handled...You always pay more interest at first, and end up paying much more than the original loan amount if taken to term. Some folks either can't pay it off up front, or choose not to in order to save some cash reserves. Not everyone has an extra $20k...

Granted, many here have paid cash for their homes, but not everyone.
Last edited by JB in TV; 11-14-2013 at 01:12 PM. Reason: typos