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lhova2000
Posts: 54
Registered: ‎06-12-2009

Re: What makes the most sense? Upside down, high miles- trade or refi?

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‎06-25-2012 02:55 PM

I believe that you should trade in the vehicle depending on the new rate and trade in value they are going to give you. You would be very lucky to net a negative equity of $2000 or less. Wouldn't you rather pay a potential 5% or lower rate on $2000 versus paying a very high rate on the total $19000 on the van.
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