@schnolhamor Whacking a 9 year loan make sense when you already have the cash:
Take the loan at 3.2%, pay it every month.
Take the cash and put it in a place that yields more than 3.2%.
Over 9 years you’d made more money from the cash vs than if you just pay for the car straight. Paying loan every month also makes your credit score looks nice.
This is one of the logic used by actual “high income” people. Otherwise, standard personal finance practices applied.
Addendum: a car, like a house, should be thought of as a consumer goods rather than “asset”. Because that’s what they actually are. You buy the car to drive the car, not to park it there and hope to sell it for some profit someday.
Again, consider this a “high income” logic.