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bassjam1 t1_iydwadg wrote

Best option is to open an IRA/Roth IRA and dump $6k in it for the year vs paying off the car. Especially since stocks are low and at a discount now.

I'm not a fan of paying off loans early with interest rates below 4%, but if you're already maxing out a 401k and IRA, then you have a choice to either invest outside of a retirement account or pay off the car loan early.

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