I have a car with i have 4 payments monthly remaining of $275/month - including principal and interest.
- I am not working - studying for a professional exam
- Per the statement, I have about $900 left to pay.
- My monthly interest is about $15.
My questions is that - should I pay off my car NOW for $900 and save interest OR should I keep paying the small interest and keep the $900 in case I need it for purchases? Btw, I can pay off the whole amount. But then my bank balance would that much less. Thanks.
- I am not working - studying for a professional exam
- Per the statement, I have about $900 left to pay.
- My monthly interest is about $15.
My questions is that - should I pay off my car NOW for $900 and save interest OR should I keep paying the small interest and keep the $900 in case I need it for purchases? Btw, I can pay off the whole amount. But then my bank balance would that much less. Thanks.