[Norkoastal]

Great points mentioned all over this thread..

Forward paying your car note is another trick some use to free up cashflow for higher interest debt.. While it doesn't offer the same principal reduction speed as a P only payment, it does push out your required payments into future dates.. I prefer to pay my car off in 3k-4k chunks (typically using tax returns or other accumulated savings), so this helps me focus on paying off higher interest debt throughout the year, and shifting more funds into to retirement accounts and mortgage principal which offer better returns or long term cost reductions.

We are all truly lucky to have such great rates for these cars!