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quick question on rule of halves
moongarden
Posts: 478 Forumite
in Loans
Hi,
another question - should a half way point (rule of halves) be calculated on:
the total value of the car and the total interest (bearing in mind someone could pay a £5k deposit on a £10k car), or
the amount of the loan plus the total interest?
the latter seems more sensible to me but i'm not sure.
Thanks
another question - should a half way point (rule of halves) be calculated on:
the total value of the car and the total interest (bearing in mind someone could pay a £5k deposit on a £10k car), or
the amount of the loan plus the total interest?
the latter seems more sensible to me but i'm not sure.
Thanks
0
Comments
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Its when the payments and deposit equal half of the loan.0
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thanks no money today, that's what i thought
i had forgotten to bookmark this thread0
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