AlwaysLurkin
Superstar
I have 4.5 years left on my loan,should I just continue to make payments or pay it off.I owe 14.5k and that would leave me with 11k 
.What if I pay it off then get in an accident,id lose easily 5k.So what would yall do?
Should I pay off my car
- Thread starter AlwaysLurkin
- Start date
I have 4.5 years left on my loan,should I just continue to make payments or pay it off.I owe 14.5k and that would leave me with 11k .What if I pay it off then get in an accident,id lose easily 5k.So what would yall do?
AlwaysLurkin
Superstar
what
I dont understand the situation doggy. Are you saying you owe 14.5 on the car and you want to know if you should pay it all off now
AlwaysLurkin
Superstar
Yea,im saying would yall pay the 14k off if u knew you'll be left with 10k to your name?I dont understand the situation doggy. Are you saying you owe 14.5 on the car and you want to know if you should pay it all off now
Oh alright. Nah I wouldn't, never know what emergency you might run into.
CACarot
Where is Princess Fajita
It cost you more to not pa it off. So you losing money, You are being limited by your need to be in a comfort zone with your money.
AlwaysLurkin
Superstar
Thats wut I'm thinking plus I think I can bounce back pretty quick
Mirin4rmfar
Superstar
I am thinking about doing the same thing too but I would have no emergency fund. My job is pretty secure but you just never know these days. Gotta save up for a rainy day.
sayyestothis
Free the guys
Cash is king ...don't pay it off. Use the loan what it's for...leverage...
What's ur apr? And what was original term and how much left do u have?
What's ur apr? And what was original term and how much left do u have?
the cac mamba
Banned
pay it off in a year, not four 
live it to the limit
All Star
Depends on your interest rates. But having a car loan doesn't really benefit you seeing that you can't write it off and banks don't really give you props for cars if you're applying for a home loan. It all depends on what your trying to do.