Ask Terry Questions Buying a car /mortgage loan

Buying a car /mortgage loan

By Terry Savage on August 18, 2023 | Wild Card

Should I payoff a mortgage loan of 39,000 or pay in full buying a car for 45,000. Mortgage rate 5.89%.

Terry Says

Hang on to the mortgage loan — and think twice about the car, especially if it eats up all your spare cash. And if you MUST have the car, go to (kelly blue book) and see what you should REALLY pay for it! Economy slowing, and car sales too. You might get a better deal later in the year if dealers are stuck with 2023 models. Just my guess ….



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