Debts and End of Year...

[SagaLore]

Scenario: Have a car that is nearly paid off. Instead of just letting it get paid off on time within a few months, is there any tax benefit or credit score advantage if I paid it off by end of year?

 

[OCGuy]

No.

 

[dirtboy]

No tax advantage if you pay it off early unless you're deducting it in some fashion and leaving out that information.

 

[spidey07]

No

 

[highland145]

But I'll make you a 25% loan to value.

 

[DaveSimmons]

No, buy some toys for sick kids instead.

 

[JulesMaximus]

None whatsoever.

 

[dud]

Nyet.

You might save a small bit of interest but that's it.