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re: Paying Car Off

Posted on 2/11/13 at 4:13 pm to
Posted by Tenforty1728
Baton Rouge
Member since Oct 2012
64 posts
Posted on 2/11/13 at 4:13 pm to
Don't overthink this. We're not talking about enough money to worry about not paying the note off and investing the cash. We're talking about saving roughly $350 a year in interest by paying the thing off. Just consider that savings and enjoy not having a car note anymore and continue to be a responsible saver like it sounds like you are.

Everyone take a chill pill with YOU MUST THROW EVERYTHING IN A ROTH!!! and NOOOO DONT PAY OFF ANYTHING YOU CAN EARN MORE THAN THAT INVESTING!!!! How much return are you really going to see from that over and beyond the guaranteed return of not paying a bank interest for a car note? Not worth the risk. Pay off the debt and enjoy being relatively debt-free.
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