I owe 12k on a car that’s transmission is on it’s way out, I have 1k in savings and the loan is for 4 more years. My credit is decent and I can get a PL for the 12k but the interest rate would be higher than the vehicle loan. Would it be better to have a personal loan and a new car loan or two car loans because I’m going to need another car when this dies?
I know I should just buy a car for 2-3k and pay down the current loan but I can’t save that money up? I’m saving $200 a month at best. Any advice is helpful I’m a single father and need a car to drive around my little one and get to work!
Ty
Submitted May 24, 2021 at 02:22AM by Thief_509 https://ift.tt/2QLjHjD
