I've received a settlement quote on my vehicle and on the letter, it reads "the settlement amount includes a 90 days’ interest and assumes that all payments made on or before today will be met in full by your bank".
I've settled the amount and want to know the following:-
How do I calculate the 90 days' interest?
What is the 90 days' interest amount? (the interest was not calculated / stipulated on the settlement agreement letter)
Will I be refunded for the 90 days' interest that has been charged?
The settlement quote was generated and received 23/03/2021 and I've paid/settled it on 23/03/2021, therefore, I'm of the opinion that the 90 days' interest, whatever the amount is, is reimbursed to me.