Comments on: Hey can you pay off a new loan or car off right away? http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html Sat, 27 Mar 2010 18:07:04 +0000 hourly 1 http://wordpress.org/?v=3.0 By: TopDog http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html/comment-page-1#comment-3905 TopDog Mon, 01 Mar 2010 05:01:01 +0000 http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html#comment-3905 Yes. The loan company will be able to tell you the payoff amount for specific dates. It is common for other types of loans have prepayment penalties tacked on to the principal amount, but I don't think that this is too common for new car loans. Yes. The loan company will be able to tell you the payoff amount for specific dates.

It is common for other types of loans have prepayment penalties tacked on to the principal amount, but I don’t think that this is too common for new car loans.

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]]> By: fcas80 http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html/comment-page-1#comment-3906 fcas80 Mon, 01 Mar 2010 05:01:01 +0000 http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html#comment-3906 Yes. Yes.

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]]> By: sam http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html/comment-page-1#comment-3907 sam Mon, 01 Mar 2010 05:01:01 +0000 http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html#comment-3907 A cashiers check or personal check would be the best way. A cashiers check or personal check would be the best way.

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]]> By: JF http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html/comment-page-1#comment-3908 JF Mon, 01 Mar 2010 05:01:01 +0000 http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html#comment-3908 Yes- that's called credit arbitrage. If you're paying a high interest rate on your car and you just got a loan for a lower interest- you can pay off the car/other loan, and keep the difference in interest. Well done! You can read more about that here: http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2Fgp%2Fproduct%2F1600200400&tag=thestateofart-20&linkCode=ur2&camp=1789&creative=9325 Yes- that’s called credit arbitrage. If you’re paying a high interest rate on your car and you just got a loan for a lower interest- you can pay off the car/other loan, and keep the difference in interest. Well done!

You can read more about that here: http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2Fgp%2Fproduct%2F1600200400&tag=thestateofart-20&linkCode=ur2&camp=1789&creative=9325

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]]> By: Takfam http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html/comment-page-1#comment-3909 Takfam Mon, 01 Mar 2010 05:01:01 +0000 http://autocarloansnow.com/hey-can-you-pay-off-a-new-loan-or-car-off-right-away.html#comment-3909 Well, you can, but I was told for any major purchase (if you can get a loan at a low enough interest rate) it's better for you to get a high-interest savings account and keep your money in there while allowing your loan to be paid in automatic payments from that account. This way, your lump sum gains interest at a higher rate than your loan gains interest and you end up making money on the deal. Well, you can, but I was told for any major purchase (if you can get a loan at a low enough interest rate) it’s better for you to get a high-interest savings account and keep your money in there while allowing your loan to be paid in automatic payments from that account. This way, your lump sum gains interest at a higher rate than your loan gains interest and you end up making money on the deal.

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