<prompt> Human: My husband and I are in a debate. We have an auto loan about 20k at 2.35 with a 5 yr term. I want to pay an extra 50 to 100 per month to help pay it down faster. He says thats a waste of money and he would rather invest it and get a 5 return with some safe stocks.His thinking is that is makes no sense paying off a loan with on something that deprecates. This is one of the reasons we have a 5yr term. If it gets totaled then gap will cover any difference in the loan and we wont have lost out. Also any additional funds that would have went to the loan he can add that to his investments and make more in the return than what we would pay in interest.My thinking is that paying it off sooner would put us in a better financial position in the future. He did not want to pay extra on of previous suv that was totaled, we had about a year left and owed about 10k and got back about 15 k. We put down only about 3k on the the new vehicle. At this time we just bought a house and had our 2nd kid. I feel like if we had payed down the extra on the first loan we would have been in a better position after that suv was totaled out. Either way were paying off the same amount why not pay it faster. I get that we could earn more with investing but also feel the amount isnt enough to make enough a difference in our financial status and the value of paying off the loan faster would be more of an impact to us. Side note: I may not have articulated his side too well because... well frankly I just dont get it. If Im wrong fine but I really want some outside perspective. Thanks for your help!Edit: just wanted to put it out there that the only loans we have are the house and this car. Credit cards are used and paid off every month and without going into too much detail all savings like 401 and IRAs ect are maxed. We generally disagree when it comes to paying off loans like house or car. He favors only paying it off if its high interest other wise putting it into investments. I favor paying off the loans soon so we have more funds that we can be flexible with.  <response>: 2.35 is a pretty inexpensive loan. If youre going strictly by the numbers, it doesnt really make sense to pay it off early.However, if youre not good at managing debt, or just want the peace of mind of having less debt outstanding, then it makes sense to pay it off early if you can. 