Quote:
Originally Posted by ayau
fyi, even if you choose a 5 year loan, you can pay however much you want and finish the loan in less than 5 years. you just need to at least make the MINIMUM monthly payments. the quicker you pay off the loan, the less interest youre giving away.
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Assuming your loan allows that. Some are for principal+X years interest. Still liable for X years interest, even if you pay it off quickly.