Offer your thoughts or opinion on the input financial query or topic using your financial background.

Pay off car loan entirely or leave $1 until the end of the loan period?
In some states there are significantly higher automobile insurance costs and higher coverage requirements for vehicles that have a lien on them.  I suspect this is not your scenario, or you probably would not be considering holding the loan open.  But it is something to consider. If you live in a state where insurance coverage and costs depend on a clear title, I would certainly recommend closing the loan as soon as possible.