So we had a date with the Bank of Montreal this weekend. Among many things including exploring the line of credit I asked you guys about a couple days ago and a changing my name - we also chatted about our existing car loan.
The payment frequency used to be every two weeks, just under $195. It was a pain, because we bought the vehicle on a weekend, so the payments always came out on Monday or Tuesday rather then the Friday - and once and a while there was three payments - I didn't keep track well which months because it's the Mondays rather then the Fridays.
All that said - we changed our payment frequency to $100/week rather then $195/two weeks. Annually, our payments have increased from $5,052.06 to $5,200 - not a huge change at all - but the payments now align with our mortgage and I like round numbers.
Car Payments - Made a Change
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It's nice when everything lines up, isn't it?
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