The term OEM stands for Original Equipment Manufacturer. What does that really mean? It means that the part was made by a company that is a subcontractor to a vehicle manufacturer. It DOES NOT mean the part was made by the manufacturer.
The Rule-of-78's is sometimes used for car loans or other consumer loans. To print any loan schedule, click on Print Preview and then Print this schedule. When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days. This is known as odd day interest. The odd day interest, with this schedule, is shown as being paid on the loan date.
Add up all of the minimum monthly payments. These include car payments, student loan payments, bank loans and credit card payments, which are variable. If you have low balances on credit cards, use $15 for a minimum payment. If the balances are large--over $2,000--use 3 to 5 percent of the balance.