Los Angeles Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
We have a loan on one of our cars. The interest rate is fairly high. To be honest, I didn't pay much attention when we got the loan (I was recovering from surgery and DH had just had his car stolen). Our rate is pretty high, so I was thinking about trying to get a lower one. Anyone ever heard of doing this? Do you pay a fee to refinance? How do you go about it?
Re: Refinance and auto loan?
here is the dealio....
I would only refinance the car if the rate is drastically lower and you've only recently (3 months) gotten the car. Otherwise your loan will start anew and you'll end up paying $$$ in interest. Sure you'll have lower payments but what's a $50.00 savings if you have to pay for an extra year? Not worth it.
Not sure how good your credit is but we went with an alternate option. Amex blue sent me a promotion offering me a loan for up to $50k with a 2.9% apr for the life of the loan. The loan we had on our water craft at that time was 13% (because it was a boat)....so I just paid off the loan at BofA using my AMEX check, and financed the water craft on my AMEX. We continue to make the high payments but in the end it saves us a year of payments.