Quote:
Originally Posted by Minsu
isurance is stacked with my parents so they said they would take care of it as long as i take care of car payments. Now i think ill finance 15k for lets says 3-4 years making payments in the 300-400, i heard from a banker that if i Overpay the monthly amount it effects my credit in a bad way. if i sign up for 3-4 year finance but pay it off in a year are there any reprecussions
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Paying more every month doesn't hurt or help your credit, but it does decrease the overall interest payed. Honestly, you should pay it off as quickly as possible. You don't know where you'll be financially in 3-4 years from now. Longer rates are usally more than shorter ones.