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re: paying off vehicle loan

Posted on 7/3/15 at 5:43 am to
Posted by makersmark1
earth
Member since Oct 2011
16894 posts
Posted on 7/3/15 at 5:43 am to
pay off the loan.

Market returns are not guaranteed.

Consider this your cash position.

After paying off the loan, dollar cost average into a low cost mutual fund by sending the same dollar amount as the loan was to a low cost mutual fund.
Posted by Gorilla Ball
Member since Feb 2006
12000 posts
Posted on 7/3/15 at 9:07 am to
quote:

pay off the loan. Market returns are not guaranteed. Consider this your cash position. After paying off the loan, dollar cost average into a low cost mutual fund by sending the same dollar amount as the loan was to a low cost mutual fund.


thanks everyone - my decision has been made. Debt free besides the mortgage - feels good.
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