Let me just vent a little and say I am peeved at my husband. He bought this sports car about 3 years ago, reassuring me everything would be fine. I was young and naive enough to trust him. Well....as domesticated bliss moves along I am learning more and more about managing money and the like. That stinker bought this car with a 15 percent loan! He bought it for a little under 20,000. We have already paid 12,000 on it, but only 5,000 of it has actually gone into buying the car. By the time we are done making all our payments, (450/month) we will have put 30,000 dollars into this damn car. The loaners said they have us on a loan where most of the interest is paid up front. I am mostly concerned with our credit rating, as we are looking into buying a house in the future. Is it worth it to keep the car and try to refinance, or should we trade it in? Thanks.
Should I refinance my car or trade it in?
- Thread starter Amy W
- Start date