Paying off loan, new loan. advice?

D

DR.quirky

Guest
hi,

im a student, unsure about what i should re. loans and stuff.

i currently have a student loan with BOI , for car and insurance, with about 2000 left to pay, my insurance is due for renewal in april but im buying a new car now, my insurance will be about 2000(17-25 male , what can you do!), i have this money at hand,

would i be better off to pay off the loan i have with the money and then get a new loan or, just pay for what i need with the money and continue to pay off my current loan? what would leave me with better stead with the bank? or which is in my best interests?

thanks