Private student loans vs. auto loans
The benefits of private student loans are far fewer than federal student loans. So deciding between paying down a private student loan and an auto loan typically comes down to just a few factors.
The biggest factor is the interest rate. In most cases, paying down the loan with the highest interest rate makes more sense. If the interest rates are the same, you should prioritize paying down the auto loan, as you may be eligible for the student loan interest tax deduction.