• 6 Posts
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Joined 2 years ago
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Cake day: June 14th, 2023

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  • Some insurance companies have a discount or a lower pricing tier for low miles driven per day.

    Have you looked at the blue book price you could get for it vs your loan payoff amount? If the blue book price is lower, you’re upside down and should prioritize paying more per month. This gets it paid off quicker for less interest and then you have a solid paid off car that you could probably put 200-300k miles on.

    Do you have a 401k and the ability to take a loan from it? You could refinance the loan using your 401k to get a lower rate, and then you’re paying yourself interest. The catch here is being willing to stay at the employer until the loan is paid off. If you left employment before the loan is paid off, it could become a deemed distribution with a 20% early withdrawal penalty on top of regular taxes owed on the distribution. I normally don’t advise getting a 401k loan because of risk of triggering that distribution, but there are circumstances where it could be advantageous. Your HR dept and/or plan advisor can help you out there.










  • I did both when learning but did have to separate them because thinking about all the things, clutch, gears, RPM, mirrors, traffic, pedestrians was too much all together at first. I drove my grandma’s automatic to get used to driving on the road in traffic, and I drove my dad’s manual around empty parking lots, fairgrounds, etc until I was comfortable with the car. Then I moved on to driving dad’s car in traffic.

    I loved driving manual, but my husband can’t drive one, so if we took my car somewhere on a trip, I had to commit to being the driver the whole time. I gave it up after my job required me to do a lot of driving in bad traffic. For fun I will get one as a rental if we travel somewhere that has them commonly available to rent. I’ve had to convince well-meaning but somewhat judgy rental clerks to not upgrade me to automatic and that yes I did know that I selected manual when I made the booking.