Yeah, someone pointed it out here already that most loans have a penalty if you pay it off right away. Penalty might still be cheaper than paying off the loan on schedule.
I've never known anyone who had enough cash to buy a car outright. How common is it?Edit: I meant to say a brand new car. I know it's common for used cars.
Does he have to serve them consecutively? Like, can he serve the first 300 years, take a break, then serve the last 407 after??
My boss: here's some expired Advil, now get back to work.