trade in or refi remaining? which makes more financial sense?

[peepers]

So, 3 years ago when I had to get a car, I had to take out a 10% interest loan.  I had just started rebuilding and still had alot of work to do but had to get a vehicle.  so now, my credit is repaired, we just closed on a house, and I have been thinking about this loan.

 I have 24 months left at payments of $X/mo.  When I use the refi calculators, even using a 2.5%-3% rate for 24 months, there is maybe $5/mo difference.  So I think Ive already paid the interest hit.      Or, I could trade it in, get maybe $2,000 trade-in after current note and have a $100/mo less payment but then I owe for another 4-5 years.  

So would you guys just continue to pay it off?  or trade in?:  I dont see how refinancing would benefit me (unless I take it out for a longer term and I REFUSE to pay on a car 6 years!)    I drive a 2009 nissan maxima with 75K miles

[Anonymous]

Seems like you've figured out that your two choices aren't the ones in your thread title. Sounds like refi doesn't make sense. If you'r going to keep it, no need to refi. If you want a new car, sounds like you're in a good position to get into something decent. The choice of whether to commit to a new car loan for 4-5 years is one that different people have different opnions on. Are you comfortable driving a car that will likely start to need 'things'? I tend to get twitchy when my car hits about 80k miles. I really, really planned to keep my 2010 car "forever", but it had 73k-ish miles and needed some electrical work, shocks, brakes, a windshield, etc. and I just traded it in. For every car I've had and I've thought it would be 'the one', I think this round I've finally acknowledged we're new-ish car people and should just plan to have a car payment most of the time. YMMV.