Anyone doing Carlisle this spring? P&S and/or Import & Kit Nationals?

MyKindaGuise · 04-02-2013, 10:01 PM

Quote:

Originally Posted by aniceh

Will the payments be cut in half because the cost is less, or because you're financing over five years again? Keep in mind, if that's the deciding factor, you can refinance an auto loan.

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

XwChriswX · 04-02-2013, 10:02 PM

Quote:

Originally Posted by MyKindaGuise

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 if you're talking about turboing it, which... arent they Already turbo'd?!?

All that R&D you'll need to re-do = $$$$

dmhenderson · 04-02-2013, 10:04 PM

Quote:

Originally Posted by MyKindaGuise

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.

MyKindaGuise · 04-02-2013, 10:06 PM

Quote:

Originally Posted by dmhenderson

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.

Well half of that was my down payment sorry. I only paid a quarter off...forgot about that. Buy no with how it is now it will save me money. Already talked with my bank about it and ran the numbers. It will end up being less.

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