I am going to refinance my car cause I need the extra $40 it will save me per month. Should I just get a loan?

baby_rost asked:


on hte pay off or for the total value of the car? Which will give me $500 cash.
I am doing my payments 90 days out so I can save up money.

I also may sell the car, but not sure yet.

Should I take the full amount and save the $500?

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Tags: Car Cause, Money, Sell Car

This entry was posted on Sunday, February 8th, 2009 at 1:23 pm and is filed under Refinancing Home Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “I am going to refinance my car cause I need the extra $40 it will save me per month. Should I just get a loan?”

1. roadhunter Says:
   February 9th, 2009 at 6:08 pm

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   Don’t borrow more money than you need. If the goal is to reduce your payments, do so. Borrowing more than you need means your payments will be higher, and you will pay more interest. That $500 could wind up costing you a lot, lot more.

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