paying off car note

I would keep the money and just pay it off through October. They have already recouped interest so its minimal now. Thats just me. I always like to keep my cash.

Also look at what you would be paying in those 10 months compared to what the payoff is. ($4250 left in payments according to you)

How much would be left in savings if you paid it off now? That's an important factor. If $4250 is half your savings, I wouldn't, but if it's 10%, I definitely would.

You wouldn't save much on interst since they've already gotten most of that. However, it's always a good idea to be rid of debts.

If you are gonna buy a house or have some big event expected in the next ten months, I'd keep paying the note.

Depends who it's financed with. If it's a simple interest loan from a bank or credit union with no pre-payment penalty, I'd pay it off. If it's from a finance company that calculates interest using the rule of 78s, you won't gain anything by paying it off.

Compare how much interest you would save if you paid it off versus how much interest you would earn where you have the money deposited on the amount it takes to pay off the loan.

If, as another poster wrote, what you spend to pay it off is not a significant amount of your total savings, I would pay it off if I save more interest than I would earn on the money.