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?

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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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@Delphia@lemmy.world
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16•1 year ago
If you dont want to take risks investing it chuck the savings in an account and have the loan payments taken from that account. If nothing else it keeps your funds liquid incase you need emergency cash.

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