It depends on what else you could do with the money. If you don't have an adequate emergency fund, I'd start there first. What's adequate? The general rule of thumb is enough savings to cover 3-6 months of necessary expenses, depending on how risky your income is. If you have higher interest rate debt like credit cards, you would save more in interest by paying them off first.
Finally, if the interest rate on the car loan is below 4-6%, you'd probably earn more by investing your savings than you'd save by paying the loan down. If there interest rate is between 4-6%, you can go either way depending on your comfort with debt and investment risk. If it's above 4-6%, pay it down.
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