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Is it better to pay off your car loan in 1 year or better to pay off in 5 years?
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Aug 1, 2017
in
Buying & Selling
by
Biran Roid
(
230
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When getting a car loan to buy a car is it better to pay off the car loan in 1 year or is better to pay off the car loan in 5 years?
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1 Answer
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Aug 2, 2017
by
Shawn
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105,270
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If you can afford to make the extra payments then paying your car loan off in 1 year will save you money in interest over the 5 year car loan term.
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