#car

Does paying off my car make sense?

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Does paying off my car make sense? I’m currently building my emergency savings and am on track to have six months of expenses saved in my HYSA by August. My original plan was to immediately start paying down on my car after, and I could probably have it paid off by December. The term ends June 2026 with ~4,500 left on a 2.75% rate. Would it make sense to go ahead and pay it off o…

Reddit Personal Finance 825 2025-03-05

What are the savings buying a used car vs leasing

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What are the savings buying a used car vs leasing Example Sensible lease 1k Down $300 a month lease for 3 years (Chevy trax, entry level Kia’s/Hyundai’s etc.) Used car: Lets say 15k? Interest rates on used is roughly 10% now. Say you put 4k down on a 15k car. This would be a car with decent reliability (2015~ Mazda 3, Civic, Camry etc.) you have to pay for repairs too. How much are you really s…

Reddit Personal Finance 1.2k 2025-03-04

Should I pay my car off early?

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Should I pay my car off early? For context, I am 21 and I bought a car last march. My loan is at 6.2% for 60 months (no early payment penalty). I have about 20k left to pay off. I was thinking about paying it off in 1 or 1.5 years earlier so I can pay less interest. I have about $30k in ETF’s and HYSA and about $9k in stocks and I make about $72k pre tax in nj. My only expens…

Reddit Personal Finance 1.1k 2025-03-03

When getting a car do they look at how long you have a job ?

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When getting a car do they look at how long you have a job ? I might either finance through the dealership or get an auto loan from the bank, for the proof of income part does it matter how long you have a job or just that you have a job? I’m about to start my first job and this will also be my first car. I’m 22 and have been in school submitted by /u/Hopeful-2923

Reddit Personal Finance 589 2025-03-03

Car Rental in the Baltics

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Car Rental in the Baltics Hi everyone. I’m going to Estonia, Latvia and Lithuania next month and for a change, I wanted to rent a car to get around. The rental companies allow cross border travel for a fee which is fine. Does anyone have any experience renting and driving a car in this area? I’m a rural living Canadian and not used to driving in large cities and I was wo…

Reddit Travel 583 2025-03-02

How to get out of this bad car loan?

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How to get out of this bad car loan? I put myself into a really bad situation and am trying to see what my best option is. I currently owe $23k of remaining payments on my car loan with a 15% interest rate. If I do the payments for the remainder of the loan I’ll end up paying $34k+. Carvana has offered me $19k for the car (Nissan 370z). So if I was to pay the $4k in negative equit…

Reddit Personal Finance 840 2025-03-01

Car advice/ financial advice

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Car advice/ financial advice I have a 2020 Corolla LE, almost at 100k miles. I got it used with a 3.9% interest rate. I still owe about $10k and am about halfway through paying it off. I’ve been looking into getting an older car, possibly a Honda S2000 or a 2016-2017 Honda Accord. I’m also considering upgrading to a new-gen GR86. There are other cars I’m interested in, like…

Reddit Personal Finance 896 2025-03-01

LPT: Ask car sellers to swap or sell parts for cash.

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LPT: Ask car sellers to swap or sell parts for cash. Looking for new wheels and tires or a light bar or a not dented tailgate? Ask people selling their used cars compatible with your car to purchase the parts you need. I’ve had several favorable deals by reaching out on fb marketplace. Often people know they won’t lose much off their sale price and gain cash for swapping parts all while keeping th…

Life Pro Tips 354 2025-03-01

Should I keep my paid off car? I work from home.

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Should I keep my paid off car? I work from home. My husband and I each have our own car and he also drives a work vehicle so both cars mainly sit unused. We usually take my car out maybe once or twice a week to get grocery etc. Both cars are paid off. I work from home now and I am considering selling my car for $6,000 to pay off debt. (At least $50,000 total) We otherwise have minimal expense…

Reddit Personal Finance 394 2025-03-01

Driving Prague to Venice with a wimpy car – which route?

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Driving Prague to Venice with a wimpy car – which route? Say you’re taking a crappy car from Prague to Venice. You can use 2-3 days for the trip. What route would you take that is either easiest on the car and/or has the best services in case there’s an issue? Asking for a friend… Edit: the car is going beyond Venice. I understand no one needs to (or can) have a car in Venice itself. submitted by…

Reddit Travel 725 2025-03-01