Quote:
Originally Posted by Brokinarrow
Well, I'll at least be able to pay for a good chunk of the car in cash. Just got my $8,000 tax credit back, so that will go into whatever I get as a down payment. I may keep my eye out for a decent used vehicle too though, thanks for the tips everyone!
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Here's another option for you. Sell the truck yourself, use that money and the $8000 to refinance your current vehicle loan, using the cash as a large down payment. Maybe that would put the monthly down to something more affordable. If the money is going into a car, might as well be the one you have so you don't take a loss on the Camaro and you get to keep it.
Depending on how much you owe and what interest rate you have, you could reduce your payments by as much as $200. Even though you've only had it for about 5 months, just about any bank would refinance it for you with a large chunk down.