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re: Paying Car Off
Posted on 2/11/13 at 3:31 pm to Crimsonsaint24
Posted on 2/11/13 at 3:31 pm to Crimsonsaint24
quote:
Rate is 4.7
If I were in your situation I'd probably dump the entire 8K into it
Then over the next several months knock it out
You'll be able to quickly replenish the 8K fund without a car note and you'll avoid the remaining interest
Although I'm not sure what the original loan was. If it's front loaded with interest like every other loan you may have already paid most of the interest
Can you pull up an amortization schedule that shows what portion of your remaining loan is interest and principle?
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