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More money will definitely make you its slave. The more you get the more you want.
posted by
adventurer02
on September 19, 2015 at 12:17 AM
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Thanks, Moondawg.
posted by
Schatz
on July 28, 2005 at 9:42 AM
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It is true, but wise is the
question. Things to consider. Can you get a cheaper interest rate than you are now paying? Will it raise your current payment, and do you want to be still basically paying for a car you no longer own? Can you sell the Jetta for enough to pay it off? Myself would not consider this to be a wise move. The money saved by buying a more economical car, would probably not make up for the additional interest that you would wind up paying in such a move.My thoughts would be to pay off the original loan as quickly as possible then either sell or trade in the car for another. If you can find someone to refinance the car at a lower rate of interest, you can keep the same payments and shorten the amount of time it takes you to pay it off. Credit Unions are often good places to look for this. Hope this helps.
posted by
Moondawg
on July 27, 2005 at 8:48 AM
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