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Have a used car 1-1/2 years. Is it good idea to pay off loan if able?

April 26, 2017buying car cars Selling Transportation Used

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Have a used car 1-1/2 years. Is it good idea to pay off loan if able?

1 Answer

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10 Posted

It is ALWAYS best to pay off a car as soon as you possibly can. The longer you take to pay, the less the car is worth – Suze Orman recommends not financing for more than 3 years so the value is in line with what you paid.