http://finance.yahoo.com
 
Rate Alert! Rate Alerts Glossary Glossary Help Help
 
  Bankate.com
 
News and Advice Compare Rates Calculators
 
 
- advertisement -
 
Columns: Driving for Dollars
Terry Jackson   Expert: Terry Jackson
Driving for Dollars
Trade-in likely to be imprudent
Driving for Dollars

Wife is right about keeping Caddy
 

Dear Terry,
We purchased a 2003 Cadillac CTS with a loan amount of $23,442 at 7.75 percent. Our monthly payment is $474 over five years. The car has 32,000 miles and is in excellent condition.

- advertisement -

My husband wants to trade for a car that uses less gas. We don't average more than 40 miles a week, since we're retired. I think he is wrong. Please advise.
-- Helen K. Wetzel

Dear Helen,
I don't like to mediate marital disputes, but it's probably not prudent to trade the Caddy just to get better gas mileage, given how few miles you drive.

Here are this week's reader questions:
Should I dump my depreciating SUV?
Can I limit my payments to $300 a month?
If I drive infrequently, can I keep my gas hog?
Bankrate.com's corrections policy -- Posted: July 11, 2008
Read more Driving for Dollars columns
Ask a question

Auto Loans
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
48 month new car loan 6.80%
60 month new car loan 6.82%
48 month used car loan 6.93%
ADVERTISING PARTNERS
RELATED CALCULATORS
  Auto loan calculator  
  A rebate or special dealer financing?  
  How much will the auto lease really cost?  
VIEW ALL  
- advertisement -
 
- advertisement -




News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.