Should I pay off my car loan?
Sorry if this has been posted before. I tried to search and could not find anything. Between my savings, 401k, and investments, I have about ~50k. I have a car loan with 5.94% interest and about 2 years left. I have been debating on just paying it off. I haven’t done it yet because the interest rate is pretty low (I’ve heard it’s good for a used car.) I am just trying to free up money on a monthly basis because I got a lower paying job recently and haven’t been able to save at all. What do you guys think?
Posted Jul 9, 2025, 11:13 PM UTC
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