📈 Should you pay off your car loan or invest?

Finn

This calculator helps you decide whether to use a lump sum of cash to pay off your car loan early or invest it instead. It clearly compares the two scenarios by assuming you'll invest your freed-up monthly car payment if you pay off the loan today. It's a straightforward and mathematically sound tool, though you'll want to keep in mind that it doesn't account for taxes on your investment returns.

Reviewed v26.8.0