andy levy wrote:
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> On 2/1/2004 12:21 PM, Phillip Batson wrote:
> | I'd be *real* leery about that third option. If they
> | "buy" the loan out, that means they pay off your
> | balance and then take out a new loan. Sounds like a
> | good deal until you find out how much your interest
> | rate gets jacked up.
>
> Very valid concern, but on the flip side, this could be an excellent
> time to refinance the truck at a lower rate. Tom's only 5 months into
> his 5 years of payments on the Ram, so if he can get a drop in the rate,
> it may well pay for itself.
Problem is I don't know how easily I could get a loan right now. I have
a very good credit rating, and having made 5 on time truck payments can
only help... but the problem being that I had to have a co-signer. My
credit history is short and my income not high enough, for me to get one
on my own. I doubt I can get another co-signature right now... so I'm
going to have to stick with Chrysler Financial for the meantime. Hence
why I am a little "iffy" about going down the "mess with the loans" path.
-- -------------------------------------------------------------- Terrible Tom -- AIM & Yahoo Name: SilverEightynine
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