Does it make sense to refinance my car?
Answers:2 | LastUpdateAt:2012-10-10 19:18:01
Question- flowers if Xiangxi -
- Asked at 2012-08-31 16:16:02
Well , I think I should do it .. I thought I could get the advice of the group ! MedlinePlus
MedlinePlus
I bought a new car in June 2008 , I financed for 6 years @ 7 % .
Just made the payment 7. Total payment before this payment was: $ 30,486 ( ~ 5.5 years left ) MedlinePlus
MedlinePlus
I can refinance @ 6 % for 60 . MedlinePlus
MedlinePlus
It seems that I can save about $ 1,500 over the life of the loan ( and made six months before) if i refinance. MedlinePlus
Am I correct in this assumption ? MedlinePlus
MedlinePlus
Thank you all !
Answer1hummingbirdAnswered at 2012-09-22 17:31:03
You are correct . It's hard to argue with the math :)
Answer2chanellAnswered at 2012-10-10 19:17:05
It makes perfect sense to me , I love the " more dollars in your pocket , there's no" special part ! Refinance !
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