My wife and I disagree on how to approach our new car loan. We're planning on putting down $10K on a used car and finance the remaining $7-8K. We've been pre-approved for the loan through our credit union at 1.95% interest. Is there any advantage to paying off the loan as fast as possible (3-4 months) as opposed to making the monthly minimums at our low interest rate? We mostly put her entire salary into savings ($3.5k/m), but we are trying to save for a down payment on a house.
Submitted April 04, 2017 at 11:36AM by vandelays http://ift.tt/2n7GRRn
