Hello,
We are paying off a 2014 Mazda CX5 with 41k miles on it with about $6k left on the loan. The car was in a major accident in 2014 shortly after we purchased, however the insurance company decided to fix it instead of total it out. My question is, does it make sense to pay off the loan entirely first and then trade in the car, or, trade the car now and hopefully get some positive equity out of it post accident?
Thanks.