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Old 07-21-2006, 04:14 AM
cschin4 cschin4 is offline
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Default Re: feedback wanted: big loan or car loan first?

Don't pay off the car loan. The interest you would save is minimal. And, if you pay off your car, you may find yourself in the showroom before you know it getting hypnotized by the new car smell! I think you should keep paying for the car as long as possible and then you will be more likely to drive it for a longer time which will save you lots of money in the long run.
What is the big loan for? At 9%, this one needs to go.
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