|Your loan amount is based upon the wholesale value of the vehicle. Weloan up to 65% of the wholesale value. Interest only payments are dueon the 1st and 15th of the month. The loan contract is written forninety days, but can be extended at no additional cost. There are noprepayment penalty charges. |
At any time, you may make principal payments to reduce the loanamount, which will reduce your interest payments. You may pay off yourloan at any time. All interest is prorated into a daily charge, so youonly pay interest for however long you have the loan.
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