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New Member
posted Feb 4, 2022 12:22:58 PM

Is total interest paid the same as finance charges paid

is total interest paid on my car the same as finance charges paid

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1 Replies
Expert Alumni
Feb 4, 2022 12:35:46 PM

Generally, no, the interest can be part of the finance charges, but sometimes finance charges include more than just the interest.  Finance charges also include things like the fees to get the loan.