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2. 5 Strategies for Paying Off Car Loan Early - AOL

   www.aol.com/5-strategies-paying-off-car...

   Here are some other reasons not to pay off your car loan early: Lack of emergency savings. Bankrate reported early in 2021 that most Americans could not afford a $1,000 emergency. Just 39% have ...

3. Should you pay off your car loan early? - AOL

   www.aol.com/finance/pay-off-car-loan-early...

   Whether to pay off a car loan early depends on your budget, your loan’s interest rate and your other financial goals. Generally, you should pay off your car loan early if you don’t have other ...

4. Paying off debt early: Advantages and disadvantages - AOL

   www.aol.com/finance/paying-off-debt-early...

   For example, if you have a $20,000 personal loan with a five-year term and 7.5 percent APR, the monthly payment would be $401. Over the entire course of the loan, you’d pay a total of $4,046 in ...

5. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   Individual borrowers who expect to prepay their loans early should generally favor a combination of lower principal balance and higher interest rate (which stops accruing after prepayment), rather than a below-market interest rate and higher principal balance (which much be paid in full, regardless of prepayment).

6. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   Also known as the "Sum of the Digits" method, the Rule of 78s is a term used in lending that refers to a method of yearly interest calculation. The name comes from the total number of months' interest that is being calculated in a year (the first month is 1 month's interest, whereas the second month contains 2 months' interest, etc.).

7. Understanding the Pros and Cons of Paying Off a Car Loan Early

   www.aol.com/understanding-pros-cons-paying-off...

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