yuunikki@lemmy.world to

No Stupid Questions@lemmy.world · 1 year ago

Is it worth paying the reaminder of my car loan off?

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Is it worth paying the reaminder of my car loan off?

yuunikki@lemmy.world to

No Stupid Questions@lemmy.world · 1 year ago

I got my car (2020 Ford Fusion Hybrid SE) new 3 years ago at $25k for a 6 year loan @ 0% interest for entirety of loan, $350 a month payment. I’m about halfway paid off and have about $12.5k left on it. What should I do? I just get sick of paying $350 a month.

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1 year ago
If you have the means to pay it off early, I would. It is worse for your credit score, but you will feel great not having that payment hanging around your neck. I can practically guarantee that you won’t regret not having to make that payment each month.

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