Two years later, an overwhelming majority of British people rubber-stamped the decision in a referendum. But as the EEC became the EU and membership swelled from 9 countries to the current 28, calls grew for another referendum. Following victory in the 2015 general election, David Cameron kept his promise to offer a public vote on the UKâs membership of the EU.
Benefits of Paying Off a Car Loan Early. The bottom line is that paying off a car loan early will save you money in interest payments. Imagine what you can do with the extra money: beef up your savings account, make home improvements, save for retirement, or perhaps pay off other debts.ays to Expedite Paying Off a Car Loan. Paying cash to buy a car is one way to avoid high interest charges and years of monthly car payments. But if you donât have the money on-hand to pay off your car in full, a few simple techniques can help eliminate your car debt faster.
Before you decide to pay off a loan early, make sure you at least have some sort of emergency fund first. Some people recommend two months worth of living expenses, but six months is a lot safer. In todayâs economy, if you lose your job it could take a half year or even longer to find another one.or example, if you owe $1000 per month on your mortgage, youâd pay $500 every two weeks. This causes you to make 26 payments per year (or 13 full payments rather than 12). Thatâs one full extra payment per year! The extra payment goes directly to your principal and can significantly cut down the life of your loan.