Exotic-Art-2687 t1_jegmpd1 wrote
Reply to comment by nothinbutflip in Paying off car loan in full vs. paying off student loans in full vs. downpayment on property by nearlymind
Why pay off the car when they can make more interest in a HYSA (net of taxes) than they pay on the car loan?
lemonpepsiking t1_jeh2w4s wrote
I'm a personal fan of not having a car payment. Is it mathematically correct here? No. But humans are humans.
The second reason could be if op is looking to buy a house soon, one less debt obligation a month could help the mortgage availability.
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