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Any downsides to leaving a car loan open after paying most of the loan off?
Any downsides to leaving a car loan open after paying most of the loan off? Basically the title. I bought a car mostly in cash last year at a 5% interest rate. Had the money sitting in a HYSA as I was already saving up money to pay off student loans anyways. With student loans back I paid off every loan above my HYSA's current 4.4% interest rate, including this car for the most part. What's left on the loan is $800 and ...
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