Point_Blank
Passed Driver's Ed
- Location
- OC, CA
Can you try to refinance your current loan? Has your credit gotten any better since the loan was issued?
If you can get a lower rate, do that at least while you're car shopping. Double up/pay more on your monthly payments (if you are able to) so that you'll have more money out of the car when you sell and apply as the down. That will hopefully bring down your payments, even if you have a bad interest rate.
I tried refinancing a year ago and got offered a higher rate through my credit union. I've been just biting the bullet and paying way more for the car but at least I've paid most the interest off by now from being front loaded. Wouldn't that money be better used as just adding to a down payment?