No Stupid Questions@lemmy.world · 1 year ago

Is it worth paying the reaminder of my car loan off?

No Stupid Questions@lemmy.world · 1 year ago

I got my car (2020 Ford Fusion Hybrid SE) new 3 years ago at $25k for a 6 year loan @ 0% interest for entirety of loan, $350 a month payment. I’m about halfway paid off and have about $12.5k left on it. What should I do? I just get sick of paying $350 a month.

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1 year ago
Captive finance companies do this all the time because they make money on the margin of the product. The financing is just an incentive to get up to purchase the product.

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