[bestatchess]

Ouch. 2 years left at $600 or refi adding 2 more years? That sucks. I wouldn't even know what to tell you. I guess I'd probably go with the refi, but no, no I wouldn't. I know what I'd do, but it's not the smart thing to do. I'd trade it in and get a new one that is what I wanted. That's what I'd do, but that's not the smart solution.

Here's the smart solution, I think...

Months Left Payment Amount Total Paid
24 $600 $14400
48 $250 $12000

The smart thing to do is refinance. In the end, you'll save $2400.

Good luck.

I have 2 yrs left at $600 with a 6% int. rate. I can refi at about 3.5-4% for 4 years and cut about $250/mnth out of that payment.

Months Left - - - - - Payment Amount - - - - - Total Paid

24 - - - - - - - - - - - - - - $600 - - - - - - - - $14,400

48 - - - - - - - - - - -$600-250=$350 - - - - - $16,800