<prompt> Human: So I recently bought a new car, and in doing so I put 1,500 down, payments will be roughly 250-275month starting in November. I just sold my old car for 1,800 and Im undecided on how I want to go about using it. My first thought was to pay off one of my student loans, it currently has about 1,200 left on the balance at 3.4. I still would have approximately 16,000 left in student loans so this wouldnt finish them off, but I am considering refinancing for the rest of it as it is at a 6.8 interest rate.Does this seem like a good idea? Or should I save the money, put it into the new car, or something else?Assistant: Pay the 6.8 loan before the 3.4 loan.Human: But wouldnt it make more sense to fully pay off my one loan at 3.4 as I am able to, then try to refinance the 6.8 loan? If I include the balance of my 3.4 loan in the refinancing it defeats the purpose of doing so.  <response>: No.You dont refinance the 3.4 loan at all. The rate is very good, just leave it where it is.Lowering the 6.8 balance saves you money immediately small amount, saves you money over time, and makes the balance youre trying to re-fi lower ... which will in turn make it easier to get approved for a lower rate. 