<prompt> Human: Car debt is usually seen as a pretty bad debt to have. But car loans are typically quite favorable, for me at least. If I get a 0.9 car loan, should I race to pay it off? Does paying maybe a couple hundred extra in interest 36 month loan really matter?  <response>: the most important thing is the interest. a car loan at 0.9 can probably be paid off as slowly as possible because you can make more in a 1 interest savings account and its better to have that money on hand in case an emergency happens. an exception is if you are buying a house soon and need to improve the credit profile.car debt is only bad because it is used to buy something that will surely depreciate, as opposed to a house or education which hopefully should appreciate. but once that loan is taken out, theres nothing inherently bad about it that makes it necessary to pay it off asap. 