Yeah, someone pointed it out here already that most loans have a penalty if you pay it off right away. Penalty might still be cheaper than paying off the loan on schedule.
I’ll need a source about that “most” loans having a penalty. I thought the vast majority of car loans were open loans. At least, the couple of times I looked around for car financing, most were.
Yeah, someone pointed it out here already that most loans have a penalty if you pay it off right away. Penalty might still be cheaper than paying off the loan on schedule.
I’ll need a source about that “most” loans having a penalty. I thought the vast majority of car loans were open loans. At least, the couple of times I looked around for car financing, most were.