sk72

Hi,

I am currently financing both my lexus. Since I made huge down payments on these there is not much I owe them but I am still not feeling that good paying 4% on Lexus financing and 5.75% on a local credit union.

Pls shed some advice if I should consolidate my loans? whats are you guys doing?

The total total sum I owe is $38K.. really appreciate any advice or suggestion

dreyfus

Those are good rates so I wouldn't consolidate unless you could get an equally low rate or you're concerned that your current payments are stretching you more than you'd like. The question is, "What can I afford to pay?" If you're overextended it will likely cost you more money in the long run to refinance, but give you financial breathing room now.

Otherwise. just keep paying them down and off.