My insurance company doesn't give a straight forward interest rate for their financing. All I get is this is your monthly fee, or this is your total if payed today. Since our school systems suck and you may not know how to do the math, leave a post and I will provide you a secondary post with the Einsteinian math behind it all.
OK, maybe 30% was an exaggeration.... We only got a 29.28% discount. It's true. If we paid month to month, we would have paid $3405 for our cars, but due to paying all at once, we only paid $2408.
The moral of the story folks, save, save, save. Cause if you have the extra cash, you can put a boatload back in your pocket. It took me many years to learn these really simple lessons. I thought you were just supposed to have a monthly insurance payment. Learn today off of my ignorance so you don't have to waste $1,100 per year learning the hard way! In 10 years that is $11,000 bucks!
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