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Reply to "Paying back $80k loan"
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[quote=Anonymous]80k for 3 years @ 8% is about $2500 a month and you pay back about 90k so the loan "cost" is about 10k. It's up to you on how to handle this - no "right" or "wrong" answer, really. If you have the money and it wont impact you/your lifestyle, why pay the 10k for the loan, just pay it back now. But, if it would otherwise impact lifestyle, etc then lt ride for the 3 years knowing what the cost is. Good luck.[/quote]
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