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Posted in Auto Loans
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vanvlietg

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Pay off car loan
We owe $15,000. at 1.9% on our car loan, which still has over three years. Would paying if off with some money we are receiving be better, or put the $15,000. into Money market or some other savings?

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Depends on the interest rate you can get on the Money Market account.  If it is at all higher than the rate you are paying on the loan, you would be earning money on that money market account while still paying the car loan off at the low rate and that would be a winning situation.

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