Login
Remember
Register
Answerpail
All Activity
Q&A
Questions
Hot!
Unanswered
Tags
Categories
Users
Ask a Question
TOS
Privacy Policy
Ask a Question
Is it better to pay off your car loan in 1 year or better to pay off in 5 years?
0
votes
asked
Aug 1, 2017
in
Buying & Selling
by
Biran Roid
(
230
points)
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?
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1 Answer
0
votes
answered
Aug 2, 2017
by
Shawn
(
105,070
points)
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.
Please
log in
or
register
to add a comment.
108,780
questions
118,544
answers
1,361
comments
7,058,499
users
All categories
Food Drink
(16,805)
Style/Beauty
(4,656)
Polls/Surveys
(1,007)
Finance/Business
(5,199)
Shipping
(471)
Science/Mathematics
(2,924)
News/Events
(62)
Vehicles/Transportation
(4,727)
Other-Cars/Transportation
(1,408)
Repairs/Maintenance
(1,873)
Buying & Selling
(167)
Insurance/Registration
(427)
Safety
(407)
Motorcycles
(59)
Rail
(12)
Car Makes
(175)
Aircraft
(106)
General Travel
(64)
Commuting
(29)
Law/Government
(2,226)
Culture & Society
(478)
Education- Reference
(1,538)
Computers/Internet
(2,162)
Consumer/Electronics
(633)
Music & Entertainment
(239)
Health
(40,882)
Home/Garden
(8,779)
Pets
(6,576)
Travel
(1,171)
Sports
(730)
Parenting
(5,282)
AB/DL
(714)
Relationships & Family
(233)
Environment
(974)
Answerpail
(312)
...