Re: Get rid of home equity or car loan?
Did you accumulate the $90k by saving it? If the answer is yes, that tells me you have the ability or income to save more in the future. Is the money for the business, or live off while you start the business or both?
Personally, I would pay off all the debt, buy the 2nd vehicle with cash (possible a less expensive vehicle) and then save like crazy to accumulate more cash to start the business. I think you put yourself in a better position when starting a business to have no debt in your personal life...less stress the better when starting a business.
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