# A little financial advice needed. **URL:** https://forums.speedlife.net/t/a-little-financial-advice-needed/16818 **Category:** NYSpeed Off Topic **Created:** [September 1, 2006, 12:39pm UTC](https://forums.speedlife.net/t/a-little-financial-advice-needed/16818 "2006-09-01T12:39:48Z") **Posts on this page:** 1 **Showing post:** 7
### Author: ![neurokinetik](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/neurokinetik/32/7270_2.png) [@neurokinetik](https://forums.speedlife.net/u/neurokinetik) #### Post date: [September 1, 2006, 2:04pm UTC](https://forums.speedlife.net/t/a-little-financial-advice-needed/16818/7 "2006-09-01T14:04:01Z")
In before walter-the-self-proclaimed-financial-expert… > [@JayS](#): > > One more thing. If you do take a loan out to pay off the Jetta and buy another car, make sure the terms on that loan allow you to pay on principle at any time, as well as pay the loan off early with no penalty. Otherwise when you sell the Jetta and go to put that money toward the loan you may find yourself in a new jam. Not sure how you’d go about doing this, but when I bought my first car, I took out a five year loan, but paid it off in less than four. When I did this, they actually sent me back a couple of hundred dollars because they couldn’t charge me the extra year’s interest. Most loans don’t work that way, but given a choice, I’d look for one that does, that way if you have extra money at some point you can get ahead and save some of the interest money. --- _[View the full topic](https://forums.speedlife.net/t/a-little-financial-advice-needed/16818)._