Should I pay off zero percent car loan?

[Peter123]

if you have full coverage you do not need to worry about the premium, 

affects if you're using comprehensive if your car is line/financed as lenders has their money on your car, they require full insurance for their investment on your car through loan, in this case you cannot just do comprehensive, you gotta go with full coverage which makes your premium up for atleast 40$

[Peddayana]

44 minutes ago, ICANWIN said:

gap coverage tesukoni loan munde payoff cheste do we get any amount back from dealer? remember reading somewhere...I paid off an year back and i bought gap coverage when i bought the car..just want to know if i have to contact dealer

I think Insurance company will refund the premium for GAP coverage if you remove it from your policy , GAP coverage rate will be less generally like 50$ for 6 months , so the refund you get may be less , don't think dealer has anything to do here , I'm talking about Lease , no knowledge on actual loan

[k2s]

4 hours ago, andhrabullet said:

4  yearscompleted. 1 year undi..  oka find annadu insurance taggochu..better payoff if you have cash.. 

you gain nothing in terms of credit score and interest. 

[ICANWIN]

1 hour ago, Peddayana said:

I think Insurance company will refund the premium for GAP coverage if you remove it from your policy , GAP coverage rate will be less generally like 50$ for 6 months , so the refund you get may be less , don't think dealer has anything to do here , I'm talking about Lease , no knowledge on actual loan

Gap coverage Kadatam kada 1600$ or some thing while buying car which is associated with auto loan ?  insurance enti man ? Am I understanding something wrong ?

[vokatonumberkurrodu]

loan or lease unte you will have to pay comprehensive coverage...

if its your own car you can just pay for liability(minimum insurance required by state rules) or collison insurance.

comprehensive covers (theft vandalism glass break tires slash etc etc)

collision covers (during accident)

liability (doest cover your car if you are at fault) it will cover other car and property damage upto limits decided by state 

usually 4 yrs car kabatti collision teesukovadam better since it has some value...

very old cars (ammithe 3000 kooda raadhu anukunte) liability saripotundhi...

[Peddayana]

13 minutes ago, ICANWIN said:

Gap coverage Kadatam kada 1600$ or some thing while buying car which is associated with auto loan ?  insurance enti man ? Am I understanding something wrong ?

I was talking about Lease , Insurers like Progressive offer Gap coverage for lease 

[kakatiya]

Interest entho cheppu.. i cleared of my loan because its waste of interest.

[ICANWIN]

8 minutes ago, Peddayana said:

I was talking about Lease , Insurers like Progressive offer Gap coverage for lease 

oh ok..

[princeofheaven]

1 hour ago, ICANWIN said:

Gap coverage Kadatam kada 1600$ or some thing while buying car which is associated with auto loan ?  insurance enti man ? Am I understanding something wrong ?

nenu aithe payoff mundu chesa, time batti oka half return ichadu....

[ICANWIN]

3 minutes ago, princeofheaven said:

nenu aithe payoff mundu chesa, time batti oka half return ichadu....

nenu payoff chesi 1 yr me too before loan time. Whom should i contact to get back money?  auto loan tesukunna bank?am i too late to contact them ?

[princeofheaven]

53 minutes ago, ICANWIN said:

nenu payoff chesi 1 yr me too before loan time. Whom should i contact to get back money?  auto loan tesukunna bank?am i too late to contact them ?

nenu aithe toyota finance and gap tisukunna, vadike call chesa. call chesi chudandi agreement number adugutadu...

[Batman_fan]

7 hours ago, ICANWIN said:

0% ayite cash unnadi pay chesi i wont clear loan 

 

[Batman_fan]

4 hours ago, Spartan said:

0% undi enduku pay off chestav.

save the cash for crunch times always.

[Batman_fan]

Cash in hand is always valuable than using it for something that is not going to appreciate in value. No one in the world lends you money for zero interest even the relatives these days. You got that. so, make use of it. 

[tokkalogola]

zero percent antunav.. malli pay off antunav .. doesnt match..