Just made my first car payment

[Makdyn]

I bought a 2002 toyota Camry last month because my box on wheels broke. This is the first car I have financed. I dont have the best of credit so I have a really high interest rate. I just made the payment and it tells me how much I am paying in interest and I just want to throw up in my mouth. One payment down, 59 more to go.

 

[EthansMom]

You'll save yourself some money if you send in extra towards the principal when you can. Even a spare $10 or $20 will help due to the compounding of interest.

Also, as your credit rating improves, you might look into refinancing your car loan.

Good Luck!