Auto loan rates are running around 7% today, so awol might want to see if he can get a lower rate.

 

i just bought a 99 ar 18tq for 7400 with a hundred thousand and the thing is like new. even if i have to do repairs im still not gonna pay any where near 13k seems to me like u should sell and buy a car with higher miles and do upgrades as u need them

 

Yeah david9999 is right, I would try to refinance. Sometimes you can do better then 7% also.

 

credit unions are the best way to go...

 

Thats what i do. IBM Texas Employee's Federal Credit Union

 

Ok, Thank you guys so much ...keep replying. You all sound like the conversation in my head.
ZACHD,

I bout the car with 25k on it. I paid 17,000 and put 2k down. Terms are 48mo @6.75.

Got to run but reply or IM me....

 

At the beginning of this thread you said:

I owe 13,266 with $430/month payments for 36 months - That is 11% APR

Now 17,000 with $430/month payments for 48 months - That's 10.3% APR

If the loan was for $15,000 @6.75% APR , you would have 48 monthly payments of $355.46.

 

You know what...just tell me what you would do for a car. I mean it seems that none of us are financial experts.

Yes. I owe what I said and have 36 mo left.

My terms are what is posted.

the Q is what would you do.

 

Find out if you can pay off the current loan for $13,266 without penalty. Check with banks and credit unions, for their rates. Ask what the monthly payment would be 36 months on $13,266. If they're much lower go with it. Pay off old loan. Selling your car will not help, b/c you'll still owe the money. You can add the $2000 to make the loan $11,266.

 

great advice crazy!!! But what about getting a better car? I am not Quattro....I want more room and power? OR just power?