Like homeowners, car owners are taking advantage of low interest rates to refinance high-cost auto loans.
I recently paid off my car, then it was totaled. Bought a new used car with a very low interest rate for 48 months. I could pay off this loan early, but I wonder if I should save the extra money for a rainy day or put it in my 403(b) account. My only other installment loan is a 15 year mortgage, also with a very low interest rate. Thanks.