2021 Challenger R/T Scat Pack A8
Yes, that can be confusing. Every mortgage has a schedule for the calculation of interest on a daily basis.I had a mortgage with PNC once. They calculated interest on a daily basis instead of monthly so they could compound it. Only bank I've ever seen do that. Crooks.
I refinanced with a better bank and just paid those clowns off. Their greed actually cost them allot in lost interest.
"Calculating daily interest is similar to figuring out monthly or weekly interest. The only difference is that the rate is divided by the number of days instead of the number of months. When your mortgage is calculated daily, instead of monthly, you pay a slightly different amount of interest on your monthly statements because the number of days in each month varies. If you make a principal payment in the middle of the month, it'll immediately change the dollar amount of your interest payment for the rest of the month."
I believe, by law, a bank can't charge more than the mortgage annual interest rate contained in the contract. The new bank you went to does it exactly the same way. They all calculate daily interest accumulation. That's how they calculate the mortgage "payoff" amount for selling or buying or refinancing.
PNC are the same as all bankers. And, yes, they are all crooks.
Congrats on your order- hopefully it comes in soon.
Here is my .02....
Focus on suspension and handling first. The Scat Pack has a really nice set up to begin with so don't expect huge gains from making changes. You may want to consider front and rear shock towers (Petty and SpeedLogix seem to be popular), front sway bar (the rear is pretty stout IMHO to begin with) and many like Eibach. Put wider tires on the car. 275 minimum (Continental DSW are most in use) and some have gone to 305 but may require different wheels. Lowering spring I have no experience with and the Bilstein shock (being new) will do the trick for a while. Your factory Brembo's are great brakes but you may want to consider switching to PowerStop brake pads.
Engine power. Although this is hard to except, your engine already has enough power to move you around the track at damn near optimum levels- hence the focus on suspension. The 392 is really designed well and there a couple of things that you may want to consider. Add the Cold Air Intake (Use MOPAR as it is easier behind the inboard headlight direct feed to the air box or an open air box if you wish. If you want a larger throttle body (much debate on this one) many have experience low end torque gains and quicker throttle response- with MMX or FastMan.. The exhaust is really good from the factory and many have done a mid muffler delete. You really wont see much on the way of power but you car will sound better (or at least different). Any competent shop will be able to do that for less than 100.
So, I've made my recommendations for a track/daily driver.... let the debate begin!
I've gone back an read some early advice that captures the heart of my plan. These two posts were early and spot on. There are a few others with great into on alignment specs that I'll reference shortly. I'm going to invest mainly in handling, weight reduction (some...not much) and, eventually, super lite wheels and really good tires. I'm saving those for later though they will likely have the biggest impact.Yes, if I were you it would all be in stiffening the ride. Did you get the adaptive suspension?
Front and rear braces would be a good start.
Pics when your ride arrives!
I plan to do the first events in October, November and December and do all of them in near stock form to establish a baseline. I have the 275x20's with the all season tires. I'll outline my first mods soon. I've changed my mind on a few I've discussed before.
I'll soon outline some thoughts on how I plan to measure results in some meaningful way.