If you have a car loan, do you make extra payments on it, and if so, how much? What are the benefits of paying off your car early versus putting the money in your emergency fund?
I'm trying to determine the best thing to do in my situation (I owe $6,300 on my 2002 car at 4.39 percent and I'm earning 4.4% in ING, not including other funds in CDs making higher rates). In a couple of months when my personal debt is gone, I was planning to make extra payments on my car to retire it early. What would you do?
2007-01-04
03:03:30
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9 answers
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asked by
Anonymous
in
Personal Finance