Hey everyone,
I purchased my firsr car back in July 2020 and have been easily keeping up with the monthly payments of $400 each month. I recently got a new job which came with a higher salary so in January and February I decided to put a little extra every month so I've been paying $1300 total for each month. Originally my term was for 75 months with an APR of 8.85%. I wanted to know, if I continue to pay $1300 each month rather than the $400, would that make a difference in the long run? Would I save money in the long run? And if I do pay it off early would my credit score be negatively affected? Or should I just keep doing the $400 a month as it was originally planned.
Submitted February 17, 2021 at 06:29PM by Empty_Locksmith4528 https://ift.tt/3qwYTsP
