Okay here is my situation. I have a vehicle I'm currently interested in. It's around 42k. My vehicle that I own is worth around 28k KBB. I only owe around $5600 on it. I have the money to go and pay it off right now if I wanted. But, I've just been keeping the payment around to help my credit score for on time payments.
I want to put 8500 to 9500 down payment on my new vehicle when I trade in but I'm not sure if it's better or worse to pay my car off first. Obviously if I pay it off then I wont have as much to put on a down payment towards the new one and it all may come out the same anyways but just wondered if there would be any benefits to paying it off first vs just trading it in.