Monday, August 8, 2011

Can I pay off car loan sooner to get roughly what car is worth?

I owe $20,000 on an '07 camry that is worth about $16,000 according to KBB. If I pay the remainder of the balance right now, how much would I have saved in interest? Would it be anywhere close to the current value of the car? (5.9% APR)

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