In October we bought a used 2008 Grand Caravan. We got it at 12.75% through Chase.
Today we went to our CU to see about refinancing and they said we owe $12500 and it's worth $16000!!! They said they will refinance it no problem all we have to do is decide if we want it for 40 months- which is what's left on the loan or go 36 months instead. Our interest rate is dropping to 7%!!
I think we are just going to do the 36 months. It's our only vehicle note and our only note period besides our mortgage so we can afford to pay a little more.
This is the first time we haven't been upside down on a vehicle!!!
Today we went to our CU to see about refinancing and they said we owe $12500 and it's worth $16000!!! They said they will refinance it no problem all we have to do is decide if we want it for 40 months- which is what's left on the loan or go 36 months instead. Our interest rate is dropping to 7%!!
I think we are just going to do the 36 months. It's our only vehicle note and our only note period besides our mortgage so we can afford to pay a little more.
This is the first time we haven't been upside down on a vehicle!!!
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