Re: Thinking of Refinancing My Car Loan
When I was a Scoutmaster I taught Personal Management. I used the difference in saving for a car and taking out a loan to buy a car to demonstrate the magic of compound interest. We also covered paying additional on mortgage principal each month.
I'm trying to think of a situation in which refinancing a car makes sense, and I'm not finding a good reason to. It seems like it's just going to cost you more in the long run.
Nobody ruins my day without my permission, and I refuse to grant it...