My apologies for the late response. I needed the weekend to think about some things.
So, the more I think about it....I've decided that the best thing to do - unless any of you feel otherwise - is to NOT reaffirm the loan, and just continue to pay as is.
And here's what made me reach that decision...
I received a letter from a marketing arm at McCluskey Chevrolet in Ohio, promising me that they could either refinance my loan, or approve me for a new vehicle. As GM is getting rid of sedans, they have nothing that would be of interest to me (as mentioned, I hate SUVs, and refuse to drive one. Just a thing.), so I inquired about re-financing.
Something shady was definitely going on, as even with a 10% interest drop, my payments would have been exactly the same as they currently are now, give or take $5.00.
They were also trying to get me to take a loan through a company called "Tidewater"; from the research I've done, they look to be worse than Bridgecrest. If that's possible.
The other option, was to try and put me into a new Trax (see SUV comment above), at 16.99% financing, $0 down. at $530-something a month (over a 72 month term). Which would put me extremely upside down in a few years.
As one might have surmised, I politely declined either offer.
I'm assuming that I did the correct thing, but is there anything else that I may potentially missed?
My other question is...should I decide to get a new car after the discharge - be it a week, a month, or a year after - will I have trouble getting a loan? There will be cash down, but I don't have - and refuse to seek - a cosigner. Never needed one before, and I'm not going down that path now.
The person on the phone (I'm guessing he was in F&I), was dissuading me from using a secured credit card after my discharge to build up my credit, stating that it "would never help".
Thanks again for all of your help!
