Quote:
Originally Posted by Bearcat
Thread with a reasonable majority opinion: exists
BWillie: i DiD wHaT eVeRyOnE eLsE sAyS iS tHe DuMbEsT tHiNg PoSsIbLe
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Eh, from a numbers perspective, sure, it makes sense to take the cheap loan and put your money to work elsewhere. Nothing wrong with wanting peace of mind from eliminating a huge debt and payment from your life, though, as long as you understand you're paying (in a sense) for it.
It's not that far off from someone trying to tackle a bunch of varying types of debt. Should you pay off the biggest interest rate first? Probably. But if paying off a small loan first (even with a lower interest rate) helps you to simplify how you plan otherwise, it can be a worthwhile approach.