Sunday, January 11, 2015

Should I refinance my car or trade it in?

Okay so this is my current situation, I bought a car for my first time and I'm currently financing it with a bank ($350/month). I owe $12,500 right now but the interest is KIILLING me and I know my credit is really good right now because I'm being approved for ALOT of money. The other thing is that this car has too many miles, it's a 2012 Honda civic with 83,000 miles (Yes I know they messed me over bad but everyone makes rookie mistake). Should I trade it in for a new car or should I refinance this car and risk living with it? Even though I hear Honda are really reliable cars. What should I do? Please help!

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