Maybe you’re tired of making monthly car payments and the interest that’s involved. Now, you’re wondering if there are benefits to paying off a car loan early. Is it good to pay off a car loan early? OurFinance Department has helped plenty of Ole Ben Franklin Motors of Alcoa customers just like you make sense of auto financing. Let’s take a look at the pros and cons of paying off a car loan before the term ends, as well as how to pay off a car loan early.
Is it good to pay off a car loan early if you can afford it? The short answer is yes, It can be, especially if the following is true:
Is it good to pay off a car loan in every case? It doesn’t make sense for all of our Alcoa customers. You may want to reconsider if the following is true.
Reconsider paying off a car loan early if:
Have you decided that paying your loan off early is right for you? Then think about using one of these methods:
We’ll be happy to answer any of your questions. We also make auto financing easy with our online tools. You canapply for financing or evenestimate your payment online. We’re just a short drive away from both Lenoir City and Sevierville. So, drop by our location in Alcoa or contact us online today!
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(865)-674-9385
Call Now911 Louisville Road • Alcoa, TN 37701
Get DirectionsOpen Today! Sales: 9am-8pm
Open Today! Service: 9am-8pm
Open Today! Parts: 9am-8pm