[cicy33]

I agree on both posts above. I personally can't stomach buying a car for that much but that is just me. my house only cost $45,000 for a 3 bedroom. So paying for something that in this area I could purchase a smaller house for is scary. but I know that in other areas people spend much more. (I want a nice SUV but don't want to pay $25 K for it so I will wait and get a used one someday. lol) Course in regard to vehicle loss, you first must find someone that is willing to pay that much for a used car. Now, for me, if I am going to pay that much, I am going to go ahead and finance one a little more expensive because I get a warranty with it. I guess for me anything above $20K for a car and it no longer equates for me. But I am sure that there are people that will pay $20K for a used car but I know I wouldn't! So that is assuming someone will pay the $20K. Have I missed it but what is the interest payment on the OP's vehicle? Maybe that would be something to consider when refinancing! Remember, the loan on the son's car is 0% interest!