tytek Posted November 7, 2007 Share Posted November 7, 2007 Yeah im way over all that, ill run it into the ground unless I can afford to trade it in for a new one at some point good for you. i am itching for the new STI, but i know that it does not make financial sense. i might have to do a turbo upgrade instead, and leverage that versus a new car with the wife Link to comment Share on other sites More sharing options...
ScoopMan Posted November 7, 2007 Share Posted November 7, 2007 How about a new wife with the car? Link to comment Share on other sites More sharing options...
BigT Posted November 7, 2007 Share Posted November 7, 2007 I haven't read the whole thread, but chances are you probably got screwed from the beginning on your loan. You should go to your bank and see if you can at least refinance what you've got remaining. Depending on the original apr just refinancing what you've got left can probably save you $1000 maybe more. It all depends on how your loan was structured as well. If the bank calculated the interest for the whole life of the loan and had you pay the interest off first, then you're probably in deeper than you thought. I would talk to your bank and figure out whats going on with it, and aks them to give you some options. Oh yeah one more thing. If on your trade in etc. you find that they change your money etc. Be ready to walk away. Link to comment Share on other sites More sharing options...
ScoopMan Posted November 7, 2007 Share Posted November 7, 2007 You live and learn That almost sounds a bit like an Alanis Morrisette song Matt! Link to comment Share on other sites More sharing options...
Guest Gitster Posted November 7, 2007 Share Posted November 7, 2007 Is refinancing ever bad for your credit score??? Link to comment Share on other sites More sharing options...
ScoopMan Posted November 7, 2007 Share Posted November 7, 2007 Don't think so. Not paying is tho! Link to comment Share on other sites More sharing options...
Guest Gitster Posted November 7, 2007 Share Posted November 7, 2007 Who's not paying ?!?!? Link to comment Share on other sites More sharing options...
dr_sharp Posted November 7, 2007 Share Posted November 7, 2007 Who's not paying ?!?!? lol Link to comment Share on other sites More sharing options...
Guest Gitster Posted November 8, 2007 Share Posted November 8, 2007 Ive never missed (or had a late) payment on the Legacy. But its only been 12 months, plenty more to go !! :lol: Link to comment Share on other sites More sharing options...
SneakyFast Posted November 8, 2007 Share Posted November 8, 2007 A refinance is not bad for your credit. It's just trading one loan for another. You could probably do another 60 months with the refinance. You will end up spending more in interest over the long term but it will lower your monthly payment. Check with the place you bank with. Banks will often give interest rate discounts if you let them deduct the payment automatically from your checking or savings. Good luck. Link to comment Share on other sites More sharing options...
Guest Gitster Posted November 8, 2007 Share Posted November 8, 2007 Thanks, but I am not having trouble affording my monthly. I was just considering trading down on a lesser valued vehicle to lower my monthly and basically what I owe. It has been determined that since I piled on the mileage in the first year, my depreciation has been huge, so trading down is not worth it financially. I WILL run it into the ground. Or build a monster out of it and trade up for a newer one when financially viable Link to comment Share on other sites More sharing options...
RobE Posted November 14, 2007 Share Posted November 14, 2007 Good idea. :thumbsup: http://newenglandsubarus.com/ Link to comment Share on other sites More sharing options...
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