Pay off car loan now or continue making payments until the end of the loan? I have 37 months remaining at $317 per month on a 60 month auto loan. I requested a payoff quote through the manufacturer the other day and it came to be roughly $11,800. Interest is already factored into this amount, there's no way of getting out of it by paying it off early because of how it's structured. I will have 6 months emergency fund in expenses plus another 7k in savings if I pay it off in full right now. Would it be smart to do this simply for peace of mind and being 100% debt free?