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I have $9000 I still owe on my car should I pay the min payment or shoukd I pay like 10 extra a month?

Im looking to pay the car off faster but if I cant pay off for 2 years y pay extra ten bucks when I can have thay in my pocket my interest rate is 2.9 what should I do?

2 Answers

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  • 8 years ago
    Favorite Answer

    The two years are what they think it will take to pay off your car but if you can afford to give more to pay it off faster go for it get rid of a big payment faster you can either have the payments for two long years or who knows that extra you give can make it less time

  • Anonymous
    8 years ago

    Unless you can invest the money at higher than 2.9% with no risk, go ahead & pay extra.

    You'll save a little interest and get the car paid off sooner.

    $10 extra isn't much....but its paying toward the amount you ultimately owe.

    And just because you pay $10 extra for years, you do not get to skip or miss a payment ever.

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