Comment on Should You Pay Off a Car Loan Early?

Should You Pay Off a Car Loan Early?

Paying off your car loan early might save you money by reducing the total loan interest you pay. But if you have other higher-interest debt or no emergency savings, the disadvantages of paying off your car loan early could outweigh the advantages. In general, ask yourself whether the extra money you put toward paying off... Shannon Bradley writes for NerdWallet.

 

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