Quote:
Originally Posted by Savageenterprise
What's your interest rate for the loan on the Cayenne? If you plan to stick it out another two years you can help mitigate your losses. IF you're paying close to 5% you can likely refinance at a local credit union for a much better %, even for the same term and cut out 2-2.5% of interest. On a car that expensive you'll probably save close to $100 per month and you'll lower your payment a bit now and look at it as X amount less of a loss when you go to dump it.
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If I remember right the rate was about 1% but I remember wrong lots. I just sent them an email to confirm what I think I am paying.