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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="97desertCobra" data-source="post: 16136083" data-attributes="member: 53488"><p>Your examples keep assuming his car loan is a 0% interest loan, which was never stated to be fact. I would be really surprised to learn he has a zero % loan as they are rather rare. If at any point I have a 0% interest loan it would be last to be paid. </p><p></p><p>Chances are the student loans and the car loan are really close in interest rate in reality. He can use the money that was going to the car and apply it to the principal. And as pointed out you can claim the interest of the student loans on taxes. Also consider the flexibility not having to make two payments gives you.</p></blockquote><p></p>
[QUOTE="97desertCobra, post: 16136083, member: 53488"] Your examples keep assuming his car loan is a 0% interest loan, which was never stated to be fact. I would be really surprised to learn he has a zero % loan as they are rather rare. If at any point I have a 0% interest loan it would be last to be paid. Chances are the student loans and the car loan are really close in interest rate in reality. He can use the money that was going to the car and apply it to the principal. And as pointed out you can claim the interest of the student loans on taxes. Also consider the flexibility not having to make two payments gives you. [/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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