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Posted in Auto Loans
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Question By
hoyt89

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is it bad to close a loan before it is two years old.

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Top Contributor
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If you are paying it off..

then NO,  Anytime you can pay off a loan early its probably to your benifit.  

Before you try to pay it off though, check with your lender. Some loan companies have huge fees for paying a loan off early. So there may not be a finacial benifit to paying early.  

Good luck

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