Use savings account for auto loan early payoff?

[Jared Cruz]

Hi there! I have an auto loan of 3% and a remaining balance of $10k. I have around $11k in my savings account and I was thinking of using that to pay off my loan soon.

Other than my car and mortgage, I am completely debt free. 

I really want to pay off my auto loan as it is costing me $80 a month, or at the end of the loan period, 27 more months, around $2k.

I'm expecting to get three bonuses between July and April, totaling around $8k, which I could then replenish my savings account with.

Is this a bad idea?