Should I pay off my car loan early?

I’m (35F) in a position to pay the remaining $28k of my car loan now, but I can't decide if that's the best option.

I have $122k in a HYSA earning 4.5% and $345+ in investments and such. I have no other debts besides this car loan at 5% interest rate.

The reason I'm considering paying it off is because 1) I'd like to be completely debt free for peace of mind and 2) I have that money just sitting there, might as well right?

My only hesitation is wondering if that's the best use of that money. I mean, even I paid it off I still have plenty to invest elsewhere right? Any opinions welcome. Thanks in advance.