Auto loan is 7.25Does your auto loan have a prepay penalty? Is interest calculated based on "simple interest" or "rule of 78"?Do you have a fully-funded emergency fund?If you have a fully-funded emergency fund, and if your auto loan has no prepay penalty and the interest calculation is based on "simple interest", I would be inclined to pay off the car loan or split the money between paying down the car loan and investing. If you would be reducing the insurance coverage on the car after it is paid off, no prepay penalty and "simple interest", I would suggest 100% extra towards car loan.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra