Paying down on debt

I am 62 years old and want to pay down my debt. My new car payment is $472.
Per month and total interest is only $500. For a 3 year loan . then I have a line
Of credit that is $13000. And pay interst only. Which one should I pay down first?

well I think you should pay your car off first so you wont have to worry about that payment or the interest making it higher and then go to the line of credit cards and if you have to make a weekly or monthly plan to pay it off so you will be dept free

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Welcome to Fun Advice!

Do you have a "line of credit" or an actual loan of $13,000? You didn't say what the monthly payment is on the line of credit or what the remaining balance is on the car.

Since you are already locked in on the interest for the car loan, it boils down to how much the interest together with a reasonable amount of principal you would have to pay each month on your line of credit to pay it down. If the interest is quite a bit then paying down that loan first would be most beneficial.

If your finances aren't a problem, then I'd pay down whichever one had the highest monthly payment.