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Forum » Car loan question(credit wise)
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Thread: Car loan question(credit wise)

post 1683703293 05-30-2023, 11:38 PM
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  1. miscbrah44
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Car loan question(credit wise)

Have around $1900 left to pay on my car.

Do I pay it off cash and close the loan or keep the monthly payments until Dec to build credit?
Lifting since 06'
post 1683703353 05-30-2023, 11:41 PM
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not enough info to answer

What’s your interest rate?

If it’s below 4 I’d not pay it off. If it’s above 5 I’d pay it off. Between 4 and 5 flip a coin
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post 1683703433 05-30-2023, 11:44 PM
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  1. iloveus
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Pay it off
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post 1683703443 05-30-2023, 11:45 PM
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Originally Posted By SaviorSelfJT⏩
not enough info to answer

What’s your interest rate?

If it’s below 4 I’d not pay it off. If it’s above 5 I’d pay it off. Between 4 and 5 flip a coin
Interest is 3.99%. I wouldn't mind being done with it but also the payments are cheap and it could help my credit so I heard.
Lifting since 06'
post 1683703513 05-30-2023, 11:47 PM
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Originally Posted By miscbrah44⏩
Interest is 3.99%. I wouldn't mind being done with it but also the payments are cheap and it could help my credit so I heard.
How's your credit?
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post 1683703683 05-30-2023, 11:52 PM
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Go back in time and buy that car with cash u fkn retard
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post 1683703813 05-30-2023, 11:58 PM
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Originally Posted By iloveus⏩
How's your credit?
It's around 680 I think not the best
Lifting since 06'
post 1683703823 05-30-2023, 11:59 PM
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Originally Posted By Nonsense916⏩
Go back in time and buy that car with cash u fkn retard
Agreed bud never a car loan again
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post 1683703903 05-31-2023, 12:00 AM
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Originally Posted By miscbrah44⏩
Agreed bud never a car loan again
You’re as stupid as you look ngl
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post 1683703943 05-31-2023, 12:02 AM
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Originally Posted By Nonsense916⏩
Go back in time and buy that car with cash u fkn retard
This

Embarrassing
post 1683704633 05-31-2023, 12:33 AM
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  1. LargePeter
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post 1683705363 05-31-2023, 12:59 AM
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  1. AK1615
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pay it off to clear the history

EDIT

At this point you're paying the principal (APR is already covered) so your credit wont change either way?
Depends on the contract as well. If you cant end it without penalties then keep it
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