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Got a car loan a few years ago, there's like 5_10 thousand left on it. Payments are 210 a month. I've got the cash to pay it off completely, and would still have a hefty chunk in savings.
If I do, the extra cash is no longer available if "something happens" but then I'll be saving that xtra 200 bones a month.
If I don't, vice versa. Have the $ but saving less $ per month.
Is there anything I'm missing, any other reason I would or wouldn't want to do this?
"A man is likely to mind his own business when it is worth minding. When it is not, he takes his mind off his own meaningless affairs by minding other people's business." - Eric Hoffer, _The True Believer_