I have about $18K left on my car loan (recent purchase, would take about 6 years to pay back on minimum installments) and a little bit of savings in the stock market. I finally have a good job and am living below my means and can save about $2K a month. I want to save up for a down payment so I can buy a house in a few years. Should I pay my car loan now to save on the interest, and then start saving, or keep making the minimum payments and start putting money aside now for the down payment?
Edit: the loan rate is 7.39%
Submitted April 09, 2023 at 12:06AM by C4TERW4L https://ift.tt/uRK1GIb
