Auto loan early payoff question
Debt Forum - Saving Advice
If I were to pay off a car loan early, would I save money in interest like I would when I paid off my mortgage early? I've never paid off a car loan early, so I don't know how that works. Someone told me it would not.
Help needed with a loan/payoff scenario.
Hello all,I'm not sure if this should be posted here or in the personal finance thread, so apologies if I've posted in the wrong place. I am looking for help on how to answer a question related to a loan payoff scenario. This is the general question I am trying to answer:Assuming the pay...
I have a car loan. Can I pay off the loan without penalty?
The purchase price of my car was reduced by $2k if I financed the car. So I financed....but I have the cash to pay it off. The dealer said I'd need to make normal payments over 90 days before I pay it off otherwise I'd get some sort of finance fee. I can't see that fee spelled out in my paperwo...
Payoff 401K loan early?
I owe $12,000 on a 401K loan I made several years ago while purchasing my first home. I am re-paying the loan to my account with 5.75% interest. The repayment amount is $250 per month and the loan will be retired in 2017 if I continue to make scheduled payments.Would it be recommended to payo...
Early mortgage payoff, or ?
Early mortgage payoff, or ??? After playing with a mortgage calculator, I figured out a doable way that I could payoff my current mortgage in 13 years making extra payments. If I made the minimum scheduled payments, it would take 28 yea...
Auto Loan Payoff question
My auto loan balance is $17272 to be paid over the next 40 months at zero percent interest. Here are my choices:A) Set aside this cash in a savings account yielding at best 0.5% per year and pay down the auto loan from my checking account. I may gain $260 in interest over the next 3.33 year...
Sallie Mae Auto Debit Question...
My wife and I decided to use some of our tax return to pay off one of our student loan balances. Does anyone know if the auto debit plan realizes a loan was paid off early and adjust the monthly transaction, or do we have to cancel the auto debit and sign up again once the loan is gone? The Salli...
Car Loan Payoff Question
Greetings, My wife and i have just paid off her student loan and we are ready to attack our auto loans. We used the debt snow ball to payoff our credit cards and student loan and found a ton of motivation and success using that method. We now have two vehicles needing to be paid off. ...
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