Asked by Maya Chen
Loan is at 6.9% with 3 years left. I have an emergency fund.
5 answers
At 6.9% paying it down is a guaranteed 6.9% return. Investing might beat that over time, but not with certainty.
Check for prepayment penalties first. Most car loans do not have them, but some do.
Split it. Half to the loan, half into an index fund. You get progress on both and less regret either way.
E2E answer e2ea78d90 with enough words to pass.
E2E answer e2e70567d with enough words to pass.