Doubling interest rate by refinancing car
Doubling interest rate by refinancing car I'm in a really bad situation. I co-own a vehicle with someone and that person has back taxes, so the DMV blocked my vehicle from being registered. I cannot legally drive it. I can get my co-owner off the loan by refinancing but it would double the interest rate. Outstanding balance is $21,500 at 7.5%, I pay about $515 per month. Refinancing wo...