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To determine the right route you would need to tell interest rates. You sound young and your interest rate could be in the teen's to twenty something percent. If this is the case call your bank and tell them you want to make a payment on your principle of the loan. If it is simple interests you can pay the principal any time. If it is 4% or lower keep your money in the bank. Sometimes dealers will stretch farther on a higher pay off trade in car to make the deal too.
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