Two years later, an overwhelming majority of British people rubber-stamped the decision in a referendum. But as the EEC became the EU and membership swelled from 9 countries to the current 28, calls grew for another referendum. Following victory in the 2015 general election, David Cameron kept his promise to offer a public vote on the UKâs membership of the EU.
Benefits of Paying Off a Car Loan Early. The bottom line is that paying off a car loan early will save you money in interest payments. Imagine what you can do with the extra money: beef up your savings account, make home improvements, save for retirement, or perhaps pay off other debts.ays to Expedite Paying Off a Car Loan. Paying cash to buy a car is one way to avoid high interest charges and years of monthly car payments. But if you donât have the money on-hand to pay off your car in full, a few simple techniques can help eliminate your car debt faster.
A shorter-term loan pays off the car faster and helps you pay less in overall interest costs, she said. The flip side of that is that a short-term loan â say, three years â comes with monthly payments that are more expensive: For a $22,000 car financed at 5 percent, you'll pay around $659 a month over three years.f you double that length to six years and keep the same interest rate, the amount owed is $25,510. By doubling the length of the loan, you'll pay more than twice as much in interest: $3,510 in interest payments versus $1,737.