How do you calculate interest pay to the bank if you want to
sell the car?
Eg. Bought a car for $70000 pay $10000 as down payment and base on
7 years interest of 2.3 percent of $60000 loan. i need to pay the
bank $69660 which $9660 is the interest, about $830 per month for 7
years.
However if i were to sell the car in 3 years time, do i still need
to pay the bank all the interest($9660) based on 7 years?