<prompt> Human: First off, throwaway because I dont like sharing financial details on my real account. I owe 8,000 on a 2011 Dodge Charger with about 90k miles on it. The loan is at 3 interest. I have been paying a little more than double payments 732mo to be exact for a few months to pay off the loan quicker but honestly at this point Id rather just pay it off outright and get rid of the payments. I make 53k per year before tax, have a 401k with about 30k or so in it, and about 11.5k in a savings account. I would pay off the loan via my savings. I contribute beyond the employer match in my 401k currently and put a little in my savings each month approx 300. My only real bill right now is this car payment. I still live at home with no student loans. Ill be moving out about a year from now but will likely just rent a place for the first couple years out of the house. My current strategy is to pay the double payments on my car and still contribute to my savings each month. However, this looksfeels ineffective because the amount of savings is so small and mentally Id rather just take care of this debt and contribute those double payments to my savings account. Id like more control over where this chunk of money goes each month. It would give me some peace of mind to have more free cash flow rather than the car payment. Are there any downsides to paying my car off now? Am I dumbimmature for thinking this way?  <response>: Yeah - Id just pay it off, and then really attack your savings for the mental payoff. 