Oct 30 2007, 02:27 PM
QUOTE(Edi8888 @ Oct 30 2007, 09:45 AM)
wat i mean is.....
because car loan is low, if u pay more amout on car is not a smart move, better pay less and drag as long as u can, use your cash to pay other ( house,trust,etc etc)
Depends lor. If you pay loan for 9 years...really shitty..., also, if ur downpayment is low, you'll suffer each month with high installment. Better balance it up a bit with low repayment and shorter period.because car loan is low, if u pay more amout on car is not a smart move, better pay less and drag as long as u can, use your cash to pay other ( house,trust,etc etc)
But of course if u already have a car and house loan, it'll makes no sense to clear ur car loan. Better dump more money in ur housing loan and save interest.
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