financeauto loan
#RI-69ba756f·4 months ago·
1
“refinance auto loan with negative equity”
What Actually Happened
Rolled over $27k loan with 8.14% interest and $850 GAP, still underwater by $3k
What I wish I knew
"Refinancing with negative equity might not be the best decision"
Advice to Someone Facing This Now
If I could tell you one thing
"Consider waiting until you're closer to being equity-positive before refinancing"
Regret Index
6/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
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finance Category
370
finance decisions logged. Avg regret 4.5/10 across the category.
Same Outcome Band
6%
of finance decisions land in the regret band the same as this one.
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