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Originally Posted by Repyh  To all those who'd pay off debt, would you do it if your only 'real debt' was a little over a grand on a car loan?
By real I mean not counting mortgage or my wife's low-interest school loan...
Already have a 50" 1080p, so that option is out!
I really don't want to be boring and just pay off the car loan, cause we'll have it paid off in about 5 months anyway...  |
How much money will it take to pay it off in 5 months? Is that more than the amount of money you would spend to pay it off now + 1.5% of it? (to account for inflation?) If so then yes I would pay off the car loan.