Re: Tax Season 2012: Work No Longer Pays
The interest rate on my house if 4.5 percent. There's not that much of an incentive to pay it off early (though we ultimately will), especially when the student loans are at 7-11%. There's absolutely zero incentive to pay our cars off early, since the interest rate is only 1%. At that point, the car company is losing money to inflation alone.
Originally posted by FlagDUDE08
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