House or car special repayment at the end of the year

That's why we only took out our 100 percent financing for the house over 10 years. Maybe this way of thinking will pay off someday. We'll see...

Hello Kaschi (does that come from AK74?)

little basics: pay off the car loan. saves the most.
regarding the 10-year term. I'll look into my crystal ball: it's going to fail. In ten years, interest rates won't be cheaper. They could be around 4 to 6%. The likelihood is certainly higher than the one that the current bubble continues.
Anyone who doesn't lock in for as long as possible now is to blame themselves.

Steven

Hello Kaschi (does that come from AK74?)

basic arithmetic: pay off the car loan. saves the most.
regarding the 10 years contracted. I'll look into my crystal ball: it will go south. In ten years, interest rates won't be any cheaper. They could be around 4 to 6%. The probability is certainly higher than the current bubble continuing.
Anyone who doesn't lock in for as long as possible now has only themselves to blame.

Steven

That one original poster thought the same with his forward a few years ago. Now he's looking for a way out of it. He gambled and lost. Maybe I did too. Maybe not. I'll see in 8 years.
However, I don't see interest rates at 4-6% even in 20 years.
Better take some risk, pay down a lot, and reduce the remaining debt within 10 years. That greatly reduces the risk.

I don’t see 4-6% either. However, I still consider a long fixed interest period to be sensible. Of course, repay quickly nonetheless. But that wasn’t the question here. I would pay off the car. With the current interest rates, the savings if you make special repayments on the expensive loan are really trivial, and this way you get rid of an obligation. I would definitely prefer that.

I would first operate the car, the freed-up monthly capital can then be used flexibly for [Kind] and/or [Rücklogen/Sondertilgung].

Paying off the car, having money and consuming is more reassuring than having money tied up for years....

P.S. Stroller 500 euros, reborder 500 euros, convertible child seat 100 euros, buggy 60 euros, daycare mother currently 70 euros, daycare from 2020 zero euros. A children's room is overrated, our daughter plays in the living space, the children's room is a mess as the crib is still in the parents' bedroom.

Yes, a child costs money but not in the first 2-3 years

I would also make sure that the car loan is paid off and that this installment eventually disappears in the near future. Then don’t immediately put the "free" money into special repayments, but save a few thousand to a few thousand more. Just so that the next car in many years doesn’t have to be bought on credit again.

And for the child you can certainly spend a fortune or not. The golden middle way is surely right. Clothes are better second-hand anyway, and furniture is often already "aired out." I would only buy a child seat from very trustworthy people, so rather new. And don’t forget: collect receipts! (Which then, nicely arranged together with cost contributions to the house, are presented to the child when entering working life - as happened with my mother-in-law *laugh*)