John A. Weeks III
November 8th 03, 07:09 AM
In article <2OUqb.141994$e01.475371@attbi_s02>, Pierre
> wrote:
> Got a 10,800.00 balance on my auto loan. . .otherwise debt free.
> Also, have an extra 100.00 to do whatever with.
>
> The question is, should I pay down the auto loan which is a fixed 4.99%
> APR with the extra hundred , or take that 100.00 and invest it.
> Its a 1999 vehicle, and I'll keep it for 3-4 more years.
The key question is if there is any place that you can invest the
$100 a month in a place that gives you an after tax return of
4.99%? For most people, today, the answer is no. If you look
out a few years, you might be able to do that in the stock market.
But keep in mind that the market is risky, and you can lose your
money, but paying down the car loan is a garanteed investment.
-john-
--
================================================== ==================
John A. Weeks III 952-432-2708
Newave Communications http://www.johnweeks.com
================================================== ==================
> wrote:
> Got a 10,800.00 balance on my auto loan. . .otherwise debt free.
> Also, have an extra 100.00 to do whatever with.
>
> The question is, should I pay down the auto loan which is a fixed 4.99%
> APR with the extra hundred , or take that 100.00 and invest it.
> Its a 1999 vehicle, and I'll keep it for 3-4 more years.
The key question is if there is any place that you can invest the
$100 a month in a place that gives you an after tax return of
4.99%? For most people, today, the answer is no. If you look
out a few years, you might be able to do that in the stock market.
But keep in mind that the market is risky, and you can lose your
money, but paying down the car loan is a garanteed investment.
-john-
--
================================================== ==================
John A. Weeks III 952-432-2708
Newave Communications http://www.johnweeks.com
================================================== ==================