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SVTPerformance's Chain of Restaurants
Road Side Pub
Pay off the car or put a dent in student loan?
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<blockquote data-quote="Mike's03Mach" data-source="post: 16132679" data-attributes="member: 187778"><p>We don't know how much he owes on his car or school loans. His car might be at 10-12%....we don't know. I, myself would pay off the car instead of putting a dent in the student loan. You put a dent in it and you are still paying the same amount for both, yes the school loan will be lower now and paid off quicker, but you ae still paying the same. I'd rather have the car paid off and put that extra money on the school loan. Without knowing all the numbers we can guess all we want. Also, we don't know the rest of his situation, that would play a factor in it also. Your hypothetical numbers are just plain silly.</p></blockquote><p></p>
[QUOTE="Mike's03Mach, post: 16132679, member: 187778"] We don't know how much he owes on his car or school loans. His car might be at 10-12%....we don't know. I, myself would pay off the car instead of putting a dent in the student loan. You put a dent in it and you are still paying the same amount for both, yes the school loan will be lower now and paid off quicker, but you ae still paying the same. I'd rather have the car paid off and put that extra money on the school loan. Without knowing all the numbers we can guess all we want. Also, we don't know the rest of his situation, that would play a factor in it also. Your hypothetical numbers are just plain silly. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Pay off the car or put a dent in student loan?
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