I'm a terrible person

[Chase]

As for auto loans. 99% of the time, unless you had a large down payment, you will be upside down meaning the car will be worth less in a trade in than what you owe on the loan, so you should hang on to the car at least long enough to get some equity before trading it in. I can speak from experience that rolling over negative equity is a BAD BAD idea and you should not do it ever. What can be a good idea is to refinance the loan if the bank gave you a high interest rate or if you really need to lower the payment. There's a good chance you know all that but is worth mentioning because while we often know better people end up doing these things anyway, myself included.

I had no down payments, both when I got the '15, and when I took it back for the '18. For the most part, I consider it a blessing, because I'm not swimming in cash right now, and won't have a stable income until at least the summer. I don't like having debt, which was why I was so pissed off that I got stuck with the first one, because you can imagine taking out a loan for a vehicle that you hate driving. I still have good credit, which was how I was able to get it with no down payment. I got the lowest interest rate, the lowest they go in my area. For the most part, I'm probably not going to trade it in until well after the loan is paid off, and I might just pay it off early, if I get a good enough job.

I might just pay off the loan as it's intended, since it has a low interest rate. It'd help my credit even more so, and if I invest my money once I get a stable income, the after-tax rate of return is still higher than the auto loan. Still, everything depends on what the future holds. Unless I get really lucky and start swimming in dough, I'll probably just keep my Jeep running for as long as possible, like what I did with my old car. So I think what I'll probably end up doing is budget myself in a way where I'd build up and set aside enough money to fund six months to a year of all my bills, and then start using the after-tax excess money I make on paying off the loans.