Repay Auto Loan with Savings
I have a car loan I am debating paying off using savings. I have about 7500 left at 4.85% interest and paying $216 per month. There is about 3yrs left on loan. I have $13,500 in savings at .75% interest. My annual income is about 30,000. I will also be taking on rent for first time in coming months which could affect how quickly I can replenish savings.
Should I use my savings to pay loan or keep making monthly installments.
Thanks
