ACCOUNTANT EXPLAINS: Should you pay off your car loan early (stop doing this!)

[@TekkAmaku]

What made this video great was that sometimes it isn't the best idea to pay off a car, not always is it a good idea. Keep the loan if it makes sense.

[@xireninsights]

Yes that’s true. It’s never a one size fits all when it comes to financial matters.

[@christophersemenya9890]

U got yourself another follower

[@xireninsights]

Thank you for subscribing… welcome to the channel 🤗

[@lorenstern9852]

Thank you for this information

[@xireninsights]

You’re welcome ☺️

[@Wideraperture]

Good information

[@xireninsights]

Thank you 🙏

[@61britchie]

For any loan over 60 months it is illegal to charge prepayment penalties

[@xireninsights]

That’s true but it’s just good to check the loan agreement. 😀

[@61britchie]

@@xireninsights absolutely. Never sign anything without reading it and making sure you understand everything in it.

[@jp2650]

Thanks

[@xireninsights]

You’re welcome ☺️

[@tomkutwell5123]

Eish this is very bad advice.. an average person will struggle to get an alternative investment that will yield higher interest than what they are paying on their car... it makes more sense for them to close off the car loan and save on future interest.