<prompt> Human: I am currently in college and getting my first car. I have an excellent paying job 800 bucks minimum a month at 12 hours a week min - I can work up to 22 before it starts reflecting in my school work with no other expenses other than the biweekly grocery bill. My 10k loan was approved at a very low 2 interest rate due to my exceptional credit,and after some quick calculations I found that with a 5 year loan my payments would be 175month and that with a 4 year loan Id be at 217. At a 3 year Id be at 285 which I could handle, it would just be slightly less stress for me working if I wouldnt have to pay that consistently. Because the interest is really negligible to me personally - is it not better to invest the difference in the monthly payment? Or should I just pay it off as quickly as possible?I plan on paying it off early anyway but I just like to plan for contingenciesI should mention it is an older but spotless jeep - I would also have to plan for the inevitable repairs. I know you are thinking this is completely dumb just buy an old beater and get it over with and youd be right , but I love this little car and it is in fantastic condition. My parents have a little civic for emergencies - but this is my first car that I am buying and owning by myself so I want to make at least good decisions on the financing side  <response>: im baffled as to why you think you need a 10k car when youre only making around 1000monthbuy an old beater for 1000-2000 that will work more than fine in taking you places. better yet, use the civic if you can 