<prompt> Human: So as title says, I want to know if I should keep making payments for my auto loan, or make a big paymentpay entire thing off. Here are the details. Original loan was for 20,551.21 for 60 months with a 4.9 rate. The payment is about 366 monthly but I pay little more to drop it down faster. I have made 5 payments already, with next one due Dec. 15th. Here are the payments I have made so far:550.21 on 71816500 on 81516500 on 791516500 on 101516500 on 111516So in total I have made 2550.21 in payments. The remaining balance on the loan as of now is 18,432.55Here is some info on my finances.I have about 15,000 in my savings, and 3500 in my checking. After all my monthly expenses I have about 2000 remaining left over. My question is, should I keep making payments of 500 a month? Should I pay the monthly minimum? Should I pay one big amount then go back to 500 payments? Should I pay it off completely? I guess I just want to know what you guys think the best way to go about this would be. I originally didnt just buy it cash because I was going to invest in something but I didnt so now I just have that cash there building up. Please let me know what you guys recommend for my situation, or any other advice you may have. Thank you!  <response>: If you pay it off immediately, you get an instant 4.9 return on your money, which is way better than you are getting from your bank. Just one concern is do you have emergency savings? If not, you might want to keep a few months worth of expenses in cash just in case. But either case you should be able to pay off the vast majority of it. 