What are the Benefits of Paying off a Car Loan Early? Your car loan may just seem like another line in the budget when you are managing your money. But when you learn how to cut it down a bit and get it off the budget altogether, you will have more money to put to the side in order to help you get a better apartment or even to reach some of your other financial goals as well. There are a lot of benefits to paying off your car loan a little bit...