TopHot
Should I pay off my car loan with a 4.99 apr?
Should I pay off my car loan with a 4.99 apr? I own about 20,000 on a car loan that is charging me 4.99% percent monthly on the loan. I have about 50,000 in a Fidelity SPAXX account earning about the same amount in interest each month. Does it make sense to pay off the car (roughly 4.95%) loan now by using some of that money in the Savings Account, but then reduce the amount of interest I’m...
Category:
