Pay off car loans or save for another down payment?

[Victor Robinson]

I presently have a portfolio of 25 doors. A mix of sfr, quadplexes, and one 3-unit office building.

I’m pretty highly leveraged at the moment. Roughly 80% across the entire portfolio.

I have a decent w-2 job, low 6 figures. And 2 modest, albeit relatively new vehicles.

For the 2 vehicles I owe a total of ~$50k. One at 2.5% and other at 2.75%. Total monthly payment of $1,100.

I’m saving for next downpayment and trying to decide if I want to eliminate the auto debt (and essentially “buy” an extra $1100/mo of cash flow to save/invest), or if I should let those low interest notes hang around (after all, 2.5-2.75% seems like cheap money).

If these were mortgages spread out over 15+ years, it would be a no-brainer, but they’re not. So while interest rates are low, payments are relatively high.

Anyway, I would interested in some feedback/comments from the BP community.

Thanks in advance.