Paying off Car - Should I pay it off now? or ..just interest and wait?

Pat

Member
Joined
May 14, 2008
Messages
330
Reaction score
0
Points
16
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.
 
Its not that much interest per month so save the money for any type of emergency u might have later on
 
if you can't survive without the extra cash wait - if you can, pay it off - your credit score will go and you'll have one less payment to worry about.
 
Back
Top