Not sure if this would be the right sub to post to so please point me in the right direction if I'm in the wrong place.
I have an Acorns account with close to $7000 currently and a 6 year auto loan with $4500 remaining, I'm almost at the 3 year mark and due to covid-19 I haven't been able to pay it off as quickly as I had thought since I can no longer Uber with everything going on. My question being would it be worth it to throw some of my investment money at it to either fully pay it off or at least partially? Do insurance rates go down after you pay a car off fully? I have a 3.9% APR on the loan and need to be saving more money.
December 26, 2020 at 09:31AM
