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So I'm seeking some advice. My husband and I don't agree on whether or not to pay off our car loans.

I'd like to pay them off, but he does not agree with that.

He likes being in debt on a car?

He tells me, and I quote, paying off our car loans is like giving away free money based

off of our low interest rates.

So he actually believes that people build wealth by borrowing on their cars?

I don't understand it, to be completely honest.

It's something that we argue about pretty frequently, actually.

Okay.

Okay, so how can we help, do you think?

Well, so I'm looking for ways that I can explain to him, like, why it would

be worth it to pay the debt off. What's the interest rate on these two loans? So, in total, we have

$27,000. So $20,000 on one, and it's 3.49% interest, $7,000 on the other.49% interest, 7,000 on the other, and it's 2.94% interest.

Okay. Well, let's address the theory that he's operating on first, okay? And then let me just tell you, I don't think we can convince this guy.

I don't think he has any desire to be convinced.

I think he's already made his mind up.

But I will answer your question anyway, okay?

In other words, I don't think this is going to work, but I'll tell you.

So what he's, what he's, his premise is, is that if you can borrow money at, what did you

say the interest rate was, 2.7% right? Is that right? One of them is 2.94. The other one is

3.49. Okay. So let's just call it 3%. All right. If you can borrow money at 3% and you could

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