That interest rate is nice and low and not nearly as bad as 20 years ago. I remember being happy to assume a 7.5% mortgage on my first house when the going rate was 12! Google "amortization schedule" and plug in your numbers to see what your actual interest expenses are. That will help you decide. If you pay part of it down and interests rates climb in 5 years to 10% or higher, you will be happy to be paying that rate. I recently cashed out my car (title loan) at the credit union because I was a little short on $$$ to keep the in-laws out of foreclosure. I could have scraped up the money, but a $12,000 loan for three years cost me only $600 in interest....about a days work for me when I'm out brushhogging.....it's all relevant.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
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