The fiance's car and the house are already refinanced at very good rates, but I'm still planning on trying to buy a fun toward the end of the year or beginning of next year.
I'd consider pulling the trigger now, but there isn't anything in the lots I really want.
20,000 leagues under the sea?
mtn
MegaDork
3/17/22 9:05 p.m.
Any chance you can take a loan out on your current car? Assuming you're adding a car and not replacing one.
STM317
PowerDork
3/17/22 9:31 p.m.
They're widely broadcasting 0.25% hikes at each of the 6 remaining meetings this year.
What impact will that have on a car loan remains to be seen.
NOHOME
MegaDork
3/17/22 9:40 p.m.
According to economics 101 ,interest rates should be just over inflation rates in a healthy capitalist economy. You know, one where "Capital" has some value? So maybe somewhere in the mid 20% range if sanity returns.
The economy for the last 15 years has been operating like a bar where the drinks are free and all of the patrons are alcoholics. Most parties like that come with a hangover.
I doubt they will hit 6%. Wall Street will not allow it.
STM317 said:
They're widely broadcasting 0.25% hikes at each of the 6 remaining meetings this year.
What impact will that have on a car loan remains to be seen.
Local credit union had 1.24 for 60 for the last 3 years or so, it's 1.74 now.
mtn said:
Any chance you can take a loan out on your current car? Assuming you're adding a car and not replacing one.
The fiance's car is the only car. I sold the NC I bought from KyAllroad a year ago since I only put 900 miles on it in the 11 months I owned it.
Now we are at a point where we owe about 50% of the value on her '18 Mazda 3 and then we have the mortgage, and that's it as far as debt. But both are in my name. But my credit score is deep into the 800s.
I suspect by October/November I'll hvlave 5 figures to put down while not interfering with other investments since I've worked really hard the last couple of years to get rid of extraneous debt.