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re: trading in a vehicle

Posted on 1/23/14 at 9:49 am to
Posted by Lsut81
Member since Jun 2005
80247 posts
Posted on 1/23/14 at 9:49 am to
quote:

I am thinking about paying down extra 500 in principle in order to give myself extra equity to ensure that TT&L on my new vehicle will be covered. is this a good idea?


Why not just pay the $500 during the purchase

Seems like its the exact same thing and will save you the headache of having to wait for an updated payoff and the $500 to clear.
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