Should I pay off my car?

Should I pay off my car?
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#1

I have a $725 per month car payment, I owe $51k, in the next month. I willb be gifted $48k from family. Does it make sense to payoff the car?

If I didn’t have the monthly payment the $725 monthly would be saved.

The note is 2% interest.


#2

Given how low the interest on your car is I’m inclined to have you invest the $48k; but I don’t know the rest of your situation.


#3

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