<prompt> Human: So I was online looking at my auto loan and I just noticed my balance did not change after making my payment the end of last month. I paid 370 towards my auto loan and all of it was applied to interest... I got to looking at my previous payments and this has happened multiple times... loan was for 12,800 and the balance is only down to 11,480 after 9 months of paying 370 on the car. Every payment Ive made 70-100 of the payment went to interest.. my interest rate is 16.5 but I dont think 100 of a payment should go to interest? Has anybody ever heard of this?  <response>: A 12.8k loan with 16.5 interest rate and 370month payments should be a 4 year 48 month loan correct?Assuming that heres the breakdown:Month Beginning balance interest payment principal payment ending balance:--:--:--:--:-- 1 12,800.00 176.00 194.00 12,606.002 12,606.00 173.33 196.67 12,409.333 12,409.33 170.63 199.37 12,209.964 12,209.96 167.89 202.11 12,007.855 12,007.85 165.11 204.89 11,802.966 11,802.96 162.29 207.71 11,595.257 11,595.25 159.43 210.57 11,384.688 11,384.68 156.54 213.46 11,171.229 11,171.22 153.60 216.40 10,954.82After 9 months of payments your balance should be 10,954.82 