I’m making payments on my car 777 a month and still owe $26,000 something and APR is way high. What should i do? I’m making atleast 3.5k a month and my bills are $1,700 a month including the car.

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jgomez916 t1_j6lxs2b wrote on January 31, 2023 at 6:48 AM

What should you do about what? What’s the question? Refinance it if possible

Upper_Cow2442 OP t1_j6myq6p wrote on January 31, 2023 at 2:05 PM

What should I do about my car should i sell it back to the bank

GeorgeRetire t1_j6n6mdk wrote on January 31, 2023 at 3:02 PM

Why did you buy the car at this rate in the first place? Do you no longer need a car?

iNFECTED_pIE t1_j6lxz6i wrote on January 31, 2023 at 6:51 AM

Refinance with a credit union for a lower interest rate probably?

Upper_Cow2442 OP t1_j6myray wrote on January 31, 2023 at 2:05 PM

I’ll be trying to do that

Xsnail t1_j6lz6gu wrote on January 31, 2023 at 7:06 AM

What is a high rate? Who is the lender? Idea of current value?

Upper_Cow2442 OP t1_j6myszf wrote on January 31, 2023 at 2:06 PM

Lender is exeter and current value is $15,000

GeorgeRetire t1_j6n6jh6 wrote on January 31, 2023 at 3:01 PM

>What should i do?

I don't think I understand the question.

You took out a loan at a high interest rate. Thus, you should pay your bills on time and carry on.

alwayslookingout t1_j6nek95 wrote on January 31, 2023 at 3:54 PM

What changed for you financially since you bought the car? It’s not like you didn’t know what your monthly payment or APR was when you signed the paperwork.

Either pay off the car sooner so you won’t accrue as much interest, refinance with a personal loan, or sell the car. $777 is way too much to spend on a car with a take home of $3500.