Settle Car Loan, worth to pay in one short?!
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 Jun 18 2008, 10:17 PM, updated 18y ago
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#1
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Senior Member
2,386 posts Joined: Jun 2005 
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hello, i wanna ask you guys, let say if i purchased a car with 9 years installment, after 1.5 years do you think it's worth to pay all in one short to settle the balance of my car loan? let say the balance is RM35k
thanks |
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Jun 18 2008, 10:41 PM
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#2
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Senior Member
2,386 posts Joined: Jun 2005
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QUOTE(tinkerbel @ Jun 18 2008, 10:35 PM) @lucifah, this is what im thinking now, i rather put the Rm35k to some kind of investment? maybe...If ur not going to be saving much interest, Y not continue the instalments? Would it not be better to haf greater cash flow? |
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Jun 19 2008, 10:48 AM
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#3
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Senior Member
2,386 posts Joined: Jun 2005
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QUOTE(tinkerbel @ Jun 19 2008, 10:34 AM) U could also use the $ to purchase a home? this exactly what im thinking right now, but my gf suggested why dont settle the car loan first, so that it will reduce the monthly installment or monthly commitment instead of paying 2 loans both hse and car at the same time... |
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