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2. 5 Strategies for Paying Off Car Loan Early - AOL

   www.aol.com/5-strategies-paying-off-car...

   Here are some other reasons not to pay off your car loan early: Lack of emergency savings. Bankrate reported early in 2021 that most Americans could not afford a $1,000 emergency.

3. Should you pay off your car loan early? - AOL

   www.aol.com/finance/pay-off-car-loan-early...

   Use an auto loan early payoff calculator to find out how much you can save with additional monthly payments or one big lump payment toward your loan. Key takeaway: ...

4. Paying off debt early: Advantages and disadvantages - AOL

   www.aol.com/finance/paying-off-debt-early...

   Consider paying extra when possible, making bi-weekly payments or looking into lender payment programs to pay off your debt faster. Paying off debt early comes with benefits, like freedom from ...

5. Debt snowball method - Wikipedia

   en.wikipedia.org/wiki/Debt_snowball_method

   Car payment – $2500 balance – $150/month minimum; Personal loan – $5000 balance – $200/month minimum; The debtor has an additional $100/month which can be devoted to repayment of debt. The additional $100 is first directed toward Card A and, together with the $25 minimum payment, pays off the balance in two months.

6. Discover the Pros and Cons of Paying Off Your Car Early - AOL

   www.aol.com/discover-pros-cons-paying-off...

   Before you decide to pay off your car loan early, know the direct and indirect disadvantages of doing so, including: Prepayment Penalty Generally speaking, lenders don't want you to pay your loan ...

7. What is Rule of 78 and how can it impact loans? - AOL

   www.aol.com/finance/rule-78-impact-loans...

   As you can see, with the Rule of 78, early payments are more interest-heavy. Rule of 78 vs. simple interest. While the Rule of 78 can be used for some types of loans (usually for subprime auto ...