View Single Post
Old 04-02-2013, 11:04 PM   #447 (permalink)
dmhenderson
A True Z Fanatic
 
dmhenderson's Avatar
 
Join Date: Feb 2011
Location: Maryland
Posts: 5,930
Drives: AWD TT 370z
Rep Power: 26
dmhenderson is a splendid one to beholddmhenderson is a splendid one to beholddmhenderson is a splendid one to beholddmhenderson is a splendid one to beholddmhenderson is a splendid one to beholddmhenderson is a splendid one to beholddmhenderson is a splendid one to beholddmhenderson is a splendid one to behold
Default

Quote:
Originally Posted by MyKindaGuise View Post
I'm also looking at refinancing the Z. I paid off half the car in a year..

I started with a 72monrh loan...just hit 60months left. I found that if I refinance now for 60 months..technically the same amount.of payments it will cut my interest in half and save me like $3000


The 135i I could probably have for 28k out the door before tradin. About 13k after
But you're not saving anything. Since you've put extra money into your payments you'll pay the car off early. If you refinance they'll spread that money and associated interest over 5-6 years. You're forgetting the potential interest you're going to pay. They want you to keep making payments because interest is free money for lenders.
__________________
dmhenderson is offline   Reply With Quote