Instead of a car note, I suggest you consider a HELOC, if you own your home mortgage-free. Home Equity lines of credit give a lot of flexibility and you only pay interest on the amount outstanding. A disciplined person, which you probably are, can use a HELOC as a safety net. When you don't need it, pay it to $0 so there is no interest owed, and when you need some cash, draw on it. Just a few words of caution, HELOCs are typically adjustable rate, so mine is around $6.5% right now. And some HELOCs have an annual fee of a few hundred dollars.