Quote (stupidkid282 @ May 15 2017 05:18am)
the amount you would save would be minimal. If you actually want to save money.........pay it off..........Or if you want to keep the payments going, make more additional principal payments.
I'm thinking of increasing it to pay it off just a year early. I'm 23. This car is the only thing I own.
my revenue/expense ratio is almost 8:1... because of where I work & no bills.
Quote (BiG_BeN @ May 16 2017 09:59am)
refinance is never an economical option
Why is that?
Quote (triple91187 @ May 22 2017 06:20am)
2.9 is a good spot to be at. I would just make the payments. this will raise your credit score. just paid off a loan a year ahead and it droped my score. the reason behind that is. its better to be in dept. when u pay off a loan you loose that line or credit per say. people who only pay in cash and never a loan will not have a good score next to the person who gets loans and is broke while paying for it.
I feel like if I pay it off or refinance it, my credit will drop. I don't own alot of property because i work as a deployed contractor, single, no kids and almost no bills. This car is seriously the only thing i really own.
Quote (said_aouita @ May 23 2017 09:00am)
Talk to the bank. Get another credit card through them. See what they recommend if you pay it off a bit early.
I already own two credit cards with $10,000 limit. They both have a balance of like $500 which my interest rate is just 4%, I just keep the balance under $500.
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I appreciate the feedback.