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I am BACK!! Woohooo!!

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It’s taken some time to transfer everything over – but I believe I have all my posts back over here. Unfortunately, I do not have my comments. I apologize to everyone who has left a comment. Please know that I still will keep your links in place. I am still working on getting those up and running.

Blogger is currently having technical difficulties and it is affecting my blog. I cannot always publish things or update my template. So I am having troubles getting the links added. They will be up as soon as I can get them up.

In the meantime, I will try posting – but I am not sure it will always work. Please bear with me as Blogger fixes this problem.

Thanks for stopping by!

-Tricia


Refinancing Your Auto Loan

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My current vehicle was purchased new with a 10.9% interest rate. We may have been able to negotiate a lower rate at the time of purchase, but it was just a horrible day (it was 9/11/01) and we just wanted to go home and get the car purchase over with (we had to have a car because our other vehicle wasn’t working right – and we traded it in). So, we lived with that interest rate.

About two years into the loan, I learned that you could refinance your auto loans. I thought that was a great idea and it would help to negotiate a lower interest rate and receive a lower monthly payment. I cannot remember what company we tried, but we were denied. They said we had too much debt and were too much of a risk.

After getting turned down, I too easily gave up and didn’t try another company (which I realize now was a mistake on my part). I also should have tried going to a bank and seeing if they had a loan with a lower interest rate.

I am happy to report that our vehicle will be paid off in September of this year, and as it stands right now, our vehicle is still worth $6,000. That is a little less than half of the price we paid for the car, so I believe our car has held up in value quite a bit. I want to have a little party when our car is paid off. It will actually be ours and not the banks!

Technorati Tags: auto+loan, refinancing