Paying Car Off | Page 2 | TigerDroppings.com

Posted byMessage
PlanoPrivateer
LSU Fan
Frisco, TX
Member since Jan 2004
1383 posts

re: Paying Car Off


He doesn't have $9200 he has $8,000. A few more payments and he will have the balance down to $8,000.





Back to top
Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
32583 posts
 Online 

re: Paying Car Off


quote:

A few more payments and he will have the balance down to $8,000.




Yeah, but $hit always happens - paying the balance down now makes sure it doesn't get spent on other things in the meantime. He could be 3 years from paying that off, depending on the original amount financed.

Even if it was 3%, I'd say apply $8k to the balance and pay it off as quickly as possible.






Back to top
iwasthere
UNO Fan
New Orleans
Member since Jul 2010
1223 posts

re: Paying Car Off


What if the loan has the Rule of 78? Then he shouldn't pay it off, right?





Back to top
  Replies (0)


Back to top