I would pay the car off first, mainly because most people need a car to work, it has an unknown lifespan, so at some point will need to be replaced, and if someone hits your car you're only going to get current value, not replacement value. Once the car is paid off, I'd take 1/2 the car payment and put it into a savings account for the next car, and the other 1/2 would get sent as additional paydown to the student loans. And I would try and keep your cars as long as possible.If any of your student loans are private student loans, I'd pay those off first after the car.
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