I’m just starting out but I have a car loan that is a little over 5 grand. I have the money to pay it off and will still have a good amount of money left over. Before I officially start should I pay that loan so I have no debt?
That all depends. What is your interest rate on the loan?
It’s fairly low, around 6-7%
However, $5k as part of a 25% down-payment means you can get a property priced $20k higher.
A lot of math to go over, and not nearly enough info to render a good opinion. E.g., other than the car, what moneys do you have to play with?