<prompt> Human: Hi all, my wife and I received an interesting proposition from her father recently that I wanted to run by you guys.He recently purchased a new car and borrowed 16,000 1.9 60 months for it. He is now having second thoughts about borrowing the money, and is thinking of paying it off in full. However, he said that before doing it, he wanted to see if maybe it would be more useful if he were to put the 16,000 toward my wifes student loan debt of 50,000 6.0 245 months left and us pay the car loan off.We wouldnt be liable for the car in any way, wed just be paying him each month a payment of what Im assuming is around 280.The only issue with this I can see, is that the minimum payment of the two loans combined would actually increase, due to the shortened term of the loan, correct? Currently we pay 358month on her loans more on mine, which are at the higher 6.8 rate. My math says this number would drop to around 240, but then be added to the 279, meaning wed be paying over 500 a month if we took over the car loan. Is this correct?Let me know if Im off base and what youd recommend.  <response>: Your numbers are all correct. Your payment would naturally increase because youre borrowing 16k over 5 years instead of 20. If you can afford it, its a good thing to do. 