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For that last one, also look at the other terms of the loan, not just the initial interest – i.e. what’s the penalty for one missed payment, is there a final balloon payment at the end, is the interest rate adjusted at any time during the loan, etc. I had a loan (actually a credit arrangement) for a home improvement that had a horrendous penalty for a single missed payment. Screw that, paying it off first. Even though I’ve set up most of my bills with auto-payments, I’m not taking a chance that BOA doesn’t shit the bed on a holiday weekend or some other such thing. Not when one missed payment would cost me thousands of dollars in extra interest.