yuunikki@lemmy.world to

No Stupid Questions@lemmy.world · 2 years 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 · 2 years 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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Skyleb@lemmy.world
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2 years ago
Another consideration is that most auto loans require you to have full coverage for your vehicle. If you pay it off early you can reduce coverage if that’s right for you.
- Rhynoplaz@lemmy.world
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  But they should know that AS SOON as you drop coverage, THAT’S when it gets totaled.

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