No Stupid Questions@lemmy.world · 1 year ago

Is it worth paying the reaminder of my car loan off?

No Stupid Questions@lemmy.world · 1 year ago

I got my car (2020 Ford Fusion Hybrid SE) new 3 years ago at $25k for a 6 year loan @ 0% interest for entirety of loan, $350 a month payment. I’m about halfway paid off and have about $12.5k left on it. What should I do? I just get sick of paying $350 a month.

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1 year ago
Technically, if you just pay off 0% interest loan just because you can, you’re losing money(interest).

It is not only needless but is also an actually worse financial decision.

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