<prompt> Human: Well okay so I was paying about 212 per month full coverage insurance. I had enough to throw 6736.29 at my loan which zeroed it out in an attempt to save more money in the long run. The car is model was from 2007, and has around 60K miles, and is worth a bit more than the amount I payed off. The interest rate was 10.25 First time car buyer for 6 years. I had been paying on it for about 2 years.Obviously Ill save money in the sense Im not paying interest anymore, but was this a smart move? It pretty much drained my reserves.Assistant: 10 percent is a pretty large rate. Its better than almost any other return on investment you could have gotten. I would say that as long as youre not living dangerously without a significant emergency fund, you did the right thing.Human: By large you mean bad? Like I was in a bad loan?  <response>: It was a relatively high interest loan. Obviously it is better for the borrower to get as low a rate as possible. 