I’ve written before about choosing between paying off a loan early or investing the money. And I thought it’s worth revisiting that as I’m about to make the same choice myself.

A few years ago I got a car loan. However, I didn’t follow most experts’ advice. I did give a little bit more than the usually required down-payment and sought the lowest interest available. But I got a 5-year loan. That way I could get the lowest monthly amortization.

Most experts’ advice is to instead get the lowest loan total – that is, get the option that pays the least interest.

Not the most savvy move, specially for a guy with a personal finance blog. But sometimes numbers aren’t what they seem at first.