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Is it better to pay off car?

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    Is it better to pay off car?

    I have a vehicle that has a small balance left on it from a collateral loan that I took out on it. It is scheduled for 2 payments left before we are the complete owners of it again and the CU is out of the picture. When I file I will have only 1 payment left for less than $100 should I just pay it off or is it better that someone else has intrest in it when I file in the eyes of the trustee? It will be paid off before the 341 but I was wondering if for some reason we can't exempt all of the equity of my cars if it is better to drag they pay off out a bit so there is another party involved in the vehicle or will it even matter?

    #2
    You could not rent a car for what you then will owe. Pay it off. Not knowing it's value, I cannot answer it the Trustee would take it. Probably not. IMHO I would go for it and see. 'Hub
    If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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