I'm close to maxing out pre-tax savings options, setting aside money for emergency fund, house repairs, etc. at a healthy clip.
I have a 2009 Corolla with 121k miles on it. I walk to work and my wife works at home. We could get by for quite a while without a car in a pinch, but we like to be able to visit family and friends and we live in a pretty rural place. We plan to keep the Corolla until it dies, basically.
I've been setting aside about $200/month in anticipation of buying a ~$10k used Corolla with cash in 2020 or after.
But I also have $68k in student loans. They're all at 3.8% or less, so I've prioritized investment savings over paying them off early.
Question is, should I take the money I'm saving for the car (along with my "extra" paycheck this month) and pay off one of my smaller, higher-interest school loans? Does it even make sense to save for this car when it looks likely that I could finance a car loan @ about 2% if needed?
Thanks for any thoughts!