Quote:
Originally Posted by My Own Eyes
Would you sell your other car, or trade it in?
How much are you adding to your current debt?
If you are getting a lower interest rate, and a lower payment, and will be able to get as much for your old car as you owe AND you are not increasing you debt significantly, then I say consider it.
But keep in mind that you are most likely increasing the term of your debt, as well as the amount, which to someone who hates debt as much as I do, is never a good idea.
But we don't live in a perfect world, so you need to consider all the possible consequences of your decision, and do what's best for you and your family.
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I will be trading in the car.
This good advice Mich, I agree, I hate debt as well.