Quote Originally Posted by Catrin View Post
Yes, I am considering all of my options. Frankly it would have to be a fantastic deal for me to do this, but a zero or 1% interest rate would do it, right now my interest rate is rather higher than that... They would also need to toss in a hitch for a bike rack We will see, and I do appreciate the advice and comments. Am just working to keep a steady head about this.
If a lower interest rate will ease things for you on a monthly basis, then I understand what you're hoping to accomplish. My biggest concern--being the fiscally conservative person that I am--is the downside of extending the period you have a car payment, interest rate and amount of monthly payment aside. Owning a car out right sooner rather than later is generally a good thing. The other thing I'd consider is resale value and overall cost of ownership. Which car holds its value the best and has fewer maintenance costs?