QuestionI have a 2005 kia sedona. The payments are $594.23 per month for six years. We have had the car approximately 12 months and the payments are killing me. Is there anyway I can get a less expensive car with much smaller payments?
AnswerHi Thomas
Trading is not the answer you will be in a worse situation down the road, with the info you provided my guess is you bought vehicle new with zero down payment or very little and your negative in access of $ 10K
Contact the lender to re-finance a longer term and at same time shop around for quotes, on a 2005 model you can get for sure 72 months with many lenders 84 months, I realize you most likely dont want longer term but its a better way to go than trade, you will have much lower payments and the trick is any extra cash save it towards paying of loan so you wont get stuck for the full term
This is really all the advice I can give with info provided, if you want me to see if there is another way then some details are needed.
Your area code or postal code
Model and miles
Whom is the lender
Whats your interest rate
how is your credit, and any other information you care to provide.
if you care to reply check the make private box.
Regards
Ray
http://www.usedcartips.org/
