Car : Volvo v40 t4
Finance amount : RM 130,000
Tenure : 7 years
Rate : 2.45%
Bank : Affin Bank

This post has been edited by kfc: Sep 20 2015, 10:53 AM

Bank in more in a month can help u to repay faster when ur account accumulated enough amount to settle.
If you settle the remaining payment a couple of years prior the final payment u can save yourself 2 years of interest.

If you are not in a hurry u can slowly repay while spend your money on other investment. For example, the interest rate for your car could be below 3% a year but your EPF could be 5-6% above for a year. So naturally I would put my money in EPF for investment. Or, buy a property.

Just my 2 cent.