Submitted by JoExoticTigerKing t3_z5jq29 in personalfinance
Qbr12 t1_ixx9bhg wrote
Reply to comment by JoExoticTigerKing in Parents left be about $33K in cash after they passed. How should I invest this? by JoExoticTigerKing
Not even that, you're actively losing money if you pay off your car loan early. Each $100 you pay off your car loan saves you $2.50 in interest each year. But that same $100 could earn you $4.50 in interest via 12 month government bonds.
For every $100 you pay off on your car loan you are giving away a free $2 each year.
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