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Old 06-02-2006, 01:12 PM
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poundwise poundwise is offline
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Default Re: Paying off a car sooner?

True. If you could sell it and then obtain another vehicle without a loan at all that would be tremendous. That sounds like a Dave Ramsey solution from wwjdmsl.

Of course, one problem will be selling a vehicle that you are 'upside-down' in, which you likely are at this stage of ownership. Still, it may be worth a shot.

If you are determined to keep the vehicle, then the additional payment route is certainly going to prove better than simply making the remaining payments; especially at that interest rate.
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