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Forum » In this situation whats smarter to do boyos
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Thread: In this situation whats smarter to do boyos

post 1674041763 01-03-2023, 10:43 AM
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  1. Zuggie
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In this situation whats smarter to do boyos

So I'm contemplating paying off one either my vehicle or my rental, can't figure which one.. I am leaning towards the vehicle due to higher interest rate, but collecting that rent every month with no mortgage payment would be nice.. Here's the details, tell me what you guys think..

Car:
$46,000 owed
$877 payment
3.8%

House:
$68,000 owed
$758 payment
1.9%


What you boys thinkin
I'm from the Land of Blood and Honey
post 1674042293 01-03-2023, 10:49 AM
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  1. Krackerjacked
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I’d generally pay off the higher interest rate loan first, however you listed the rates with the auto rate higher but claim the opposite bruh
Sloots Gon Sloot.
post 1674042383 01-03-2023, 10:50 AM
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  1. ymer
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Post deleted by user
post 1674042883 01-03-2023, 10:57 AM
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  1. Zuggie
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Originally Posted By Krackerjacked⏩
I’d generally pay off the higher interest rate loan first, however you listed the rates with the auto rate higher but claim the opposite bruh
Fixed
I'm from the Land of Blood and Honey
post 1674043463 01-03-2023, 11:06 AM
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  1. bsmit107
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Neither.

Go buy another property.
post 1674043623 01-03-2023, 11:08 AM
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  1. TsarChasm
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Originally Posted By bsmit107⏩
Neither.

Go buy another property.
Agreed. However, The car would be the biggest waste of money of the 3 to pay off.
post 1674044173 01-03-2023, 11:16 AM
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#7
  1. Robmnrd
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Originally Posted By bsmit107⏩
Neither.

Go buy another property.
Originally Posted By TsarChasm⏩
Agreed. However, The car would be the biggest waste of money of the 3 to pay off.
This. If you have enough sitting around to pay off 68k without much thought beyond "I'm gonna go ask the misc" then you should probably just go buy another property.
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