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
Because as long as there’s a lien on your car, the bank that owns it wants to make sure it’s thoroughly insured until it’s paid for. Their insurance is mandatory and usually much more comprehensive (and expensive).

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