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| Didn't want to hijack the thread below, so I willstart a new one.
I bought a new car (my first ever) in Nov 2012 with company 0%/3yr financing. Then I bought a new tractor (my first ever) in June 2013 and financed with company 0%/5yr financing. Payments on the car are a shade over $500/month. Payments on the tractor are a shade over $1100/month.
My question: Is there any advantage to me in paying these 0% loans off early? Due to paperwork screwups with my mailing address on both deals, I am currently am and am keeping 1 month ahead on each payment.
I could cash 0.05% CDs at the bank and pay these purchases off, but I see no advantage in doing so. Am I missing something? | |
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Paying off 0% loans .... Your thoughts?
