Submitted by octotron3000 t3_10p3dhx in personalfinance
YesICanMakeMeth t1_j6jxn6o wrote
Reply to comment by octotron3000 in I have a financed car and less than 30 days before navy basic training. by octotron3000
It's a lot better to get rid of it. Then you're not paying interest on the loan and also riding the depreciation curve on the asset value. You'll have more money in the end if you do it that way than paying for a car you aren't using. But yeah, if you can't find enough to cover the difference via a reasonable interest loan then you have no choice.
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