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Did this for two cars last month. Wrung my hands, cash in bank, or the relief of no payments. Chose to pay both off. The pisser is that with only a small amount left on our mortgage, and no other debt, our credit utilization as a % available went down, and correspondingly, our credit dropped a couple of points. Kind of made me squint and whine, but of course credit scores and the rules are controlled by the banks in some way or shape.
Peace of mind is hard to put a number on.
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Chris
1988 911 Carrera Targa (driving project started JAN 2022)
1970 911E - Long since gone
1972 911 Targa - gone
1987 911 Carrera - gone
Retired FA-18C Driver
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