Originally Posted by Juggs
i owe a little over 20 grand on my bmw and I signed a very large contract last night with my business that I run on the side for some serious IT consulting work. I was going to do the usual " invest half in stocks, put the other half towards savings" routine but I really want to just pay off the damn car and get rid of the note.
so should I or should I just invest it? Thanks!
if the interest you're paying on the car financing is greater than what you think you would make on your investments...I would pay it off.
I am pretty sure the interest is greater than what you get back for keeping your money in the savings acct, however, the savings is also the money in case of emergency, so...