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re: Paid off my car today...what next?
Posted on 6/17/15 at 8:22 am to rpg37
Posted on 6/17/15 at 8:22 am to rpg37
I commend anyone who can pay their vehicle off early to avoid potential interest charges. however, always remember that there's no "building" equity in a vehicle. if you're vehicle is worth 10k this year, it will be worth 7500.00 next year.
enjoy "no notes", however.
enjoy "no notes", however.
1
Posted on 6/17/15 at 10:20 am to tigerdup07
quote:
I commend anyone who can pay their vehicle off early to avoid potential interest charges. however, always remember that there's no "building" equity in a vehicle. if you're vehicle is worth 10k this year, it will be worth 7500.00 next year.
What the car is worth next year is completely irrelevant. What matters is the interest rate of the note, and the duration to a lesser extent.
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