Hey there in a little bit of a bind with some questions.
Our automobile lately had the verify engine gentle pop on and it signifies it might be a serious problem.
We instantly started discussing to both commerce it in for a substitute or repair it.
We regarded round and located a dealership that may give us an 8,000 commerce in for a licensed used automobile that settles simply shy of 20k after tax tag and title.
Repairs might be upwards of 4k and 2-4 weeks. We nonetheless owe 2k on the automobile.
Funds on our present mortgage are 210/mo, we’re being quoted 310/mo for the brand new automobile. A refinance is probably going going to be lower than the 210/mo however I have never run these numbers but.
Is it price getting the refi and fixing our present automobile or ought to we commerce it in?