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pay off car loan?
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avocetgirl
Posts: 655 Forumite
in Loans
I took out a car loan in July 2012 to buy a second hand car. I now have enough savings in my ISA to totally pay this off plus a couple of grand spare. Should i do that or keep paying my car HP for another 2 and a bit years. Worried about redundancy where i work but then i coild still sell the car rather than give it back to the HP company?
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Comments
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How much will you save in interest for early repayment compared to amount earned on ISA on same duration?0
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The isa will be a lot less intrest than the loan/hpDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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