<prompt> Human: I just got approved for a 10k auto loan at 1.65 APR. The rate is good for a loan up to 60 months. I plan on paying off whatever I end up buying within two to three years, but Im not finding any reason why I should take a shorter loan term if it doesnt affect the interest rate.My thought is that I should just take the longest term possible and pay as much as I can every month toward the principle. That way I have a low minimum payment in case anything happens. If, for example, the car needs work done, I can use some of the money Id normally put toward the payment, rather than using a higher interest credit card obviously would come out of my emergency fund before either.Does that make sense? If so, should I take that a step further and not even bother paying more of the principle? At a rate that low, wouldnt it make more sense to just put that money into a higher interest account instead?  <response>: I can tell you I wouldnt pay any extra at all, because thats what Im doing with my 1.99. 1.65 is great - if youre willing to invest that money, you could do that and maybe make money but of course it carries risk. If you want a really safelow-risk account you probably wont be able to beat 1.65. 