Should I pay off my car loan?

[Travel4Food$]

I have a car loan, currently at around $18K on 3.53%. I'm thinking of just paying it off but not sure if I should fork out a big chunk like that in one go. I'll have to sell it within the next year so will have to pay it off soon anyway. Should I just do it now?

[JLee]

It's an easier transaction to sell when you hold the title, but it's not necessary.  What's the rest of your financial situation look like?

[newelljack]

I have a car loan, currently at around $18K on 3.53%. I'm thinking of just paying it off but not sure if I should fork out a big chunk like that in one go. I'll have to sell it within the next year so will have to pay it off soon anyway. Should I just do it now?

Why would you "have" to sell it within the next year? Obviously put the money towards higher-interest credit first, but if that's your only debt, pay it off is my recommendation. It will free up the other $4-500/mo in payments.

[nereo]

I have a car loan, currently at around $18K on 3.53%. I'm thinking of just paying it off but not sure if I should fork out a big chunk like that in one go. I'll have to sell it within the next year so will have to pay it off soon anyway. Should I just do it now?

Well there's a lot of info missing, but in general I would first max out your IRA and 401(k)/403(b) contributions before tackling a debt with a 3.53% interest rate.

Assuming you have maxed out your tax-advantaged accounts and have an e-fund to your satisfaction and don't have any other higher-interest debt, you could decide to either pay that loan off or invest the money instead hoping you will earn >3.5%. What does the rest of your financial situation look like?