Should I pay off my car loan if I can or keep making monthly payments?
In Loans - Car Loans - Asked by Admin - 9 months ago
This is a good question. The answer depends on what your interest rate is on the loan. If you have a low interest rate such as 1 or 2 percent which are often offered through dealers you may want to keep making the monthly payments. You should be able to use the money you would have paid the vehicle off with to yield a return much higher than 1 or 2 percent.
Answered by Admin - 9 months ago