in or keep it like i said they gave me 6yrs. And then on top of that if I trade it in wont they tack on the remainder of the balance on my new loan? ANd i just got the truck how long should I wait.
2006-12-31 02:41:00 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
That is a huge interest rate. You could either refinance it, and get your interest rate and note lowered, or you could keep paying it to improve your credit. If you improve it, you can get lower interest rates on a car later on, or actually no interest on a brand new vehicle. Wait a while and see if you're able to afford it comfortably, and perhaps next time you can shop around!
2006-12-31 02:46:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I have a 2001 Jeep Grand Cherokee and have loved every minute of it. Mine has 69,000 miles and is running great. I just got back from a winter 4 wheeling trip yesterday and it performed wonderfully.
Your interest rate is very high. I would suggest refinancing the loan to a lower rate. If it were me, I would not sell or trade it. Jeeps are great vehicles.
2006-12-31 10:53:39 · answer #2 · answered by Kerry 7 · 0⤊ 0⤋
That interest rate is outrageous. If I were you I would see if I couldn't refinance and get a more favorable interest rate. I don't think you could refinance for more than the loan value. That is if they don't have an early pay off penalty clause. There should be "if there isn't" a law against that... Good Luck...
2006-12-31 11:18:30 · answer #3 · answered by Ret68 6 · 0⤊ 0⤋
your stuck with it, by the way jeep is a Spanish word, that J is pronounced like an H.
2006-12-31 10:44:44 · answer #4 · answered by 007 4 · 0⤊ 0⤋