Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Irish Eyes
Would there be a penalty by paying a loan off too quickly?

The last new car I bought I did just that. I got a $3000 extra discount for financing then turned around and paid the loan off on the beginning of the third month.

After someone totaled that very vehicle in a parking lot while I was shopping I went out and bought my first-ever used car and have been very happy with it.

We are retiring soon and if we can take back our country I will buy both of us one more new vehicle and will probably have to do the early loan payoff to get a decent deal. If we need anything after that it will be used.

78 posted on 06/14/2023 3:57:14 PM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
[ Post Reply | Private Reply | To 66 | View Replies ]


To: OldMissileer

Did you finance through the dealer or separate bank/financial institution on your own?


91 posted on 06/14/2023 6:22:15 PM PDT by ObozoMustGo2012
[ Post Reply | Private Reply | To 78 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson