Paying off car loan with savings
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Dave Ramsey Caller Debates Paying Off A 0% Interest Car Loan With Savings. He Admits He'd Have More Money, But He Took Two Vacations Last Month
Yahoo Finance· 2025-10-09 13:16
A recent episode of “The Ramsey Show” featured Doug from Connecticut, who called in to ask a question that many listeners might relate to: Should he use his savings to pay off a 0% interest car loan? Doug shared that he’s single, 45 years old, and earns between $140,000 and $160,000 a year. He has $280,000 in retirement savings, $23,000 in a high-yield emergency fund earning 4% interest, no credit card debt, and a mortgage. But there’s one catch: he still owes $26,000 on a car loan. Don't Miss: Caller St ...