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Luther Westside Volkswagen Is Open for No-Contact Sales and Service

We're all in this together, and your health and safety always come first with Luther Westside Volkswagen. That's why we're providing new and used car sales by appointment only during the COVID-19 pandemic. Our no-contact sales and service process adheres to the CDC requirements for cleanliness and social distancing. By shopping and purchasing a new or used car online, people in Minneapolis and St. Louis Park, MN can do their part to help prevent the spread of the coronavirus.




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Understanding Your Monthly Car Payment: Part Two | Luther Westside Volkswagen

Welcome to part two of our series about understanding car loans! (If you haven’t already, you can check out part one here.)

This week, we’re looking at interest and amortization. These two things make up the difference between paying off a loan and paying for a car completely in cash (and are what make the process a little confusing).

Interest Types

There are two different types of interest: simple interest and compound interest.

Simple interest is calculated on the total amount of your loan, while compound interest is more complicated and has to do with the accumulated interest…

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