Longtime lurker. Made a “youthful” mistake and purchased a used car out of college with a 72 month note @ 7% interest with all of the extended warranties. Before I knew it, I was $2/3k underwater.
After reading the sub’s posts, I cancelled the warranties, refinanced to a 2% interest rate and did the slow grind of simply paying it off. It’s been a long road, but that day has finally come. Thanks to the crazy market, the vehicle is still worth close to $10k.
I’ll never take out a car loan again and will drive this sucker until the wheels fall off. Just wanted to thank the sub!
Submitted September 14, 2022 at 08:34AM by tortsillustrated11 https://ift.tt/Ai63lPh
