Crunk Abortion posted:

About a year ago, I wrecked my previous car (for which I paid cash). I made it until November before I had my money squared away to the point where I could afford to buy a decent car to replace it. The problem is, I'm in the process of rebuilding my credit after a bunch of irresponsibility in my early 20's. I'm in the lower mid 600's now, and I was in the upper 500's then. So I have a really decent car now, financed through my credit union, and I can afford the payments on it just fine.

Problem is, I'm getting hosed on interest.

I'm currently at a whopping 16.19% interest on a loan just over 10k. I set this loan up for a 73 month term that way the monthly payment would be manageable even when cashflow is an issue, as my current job is very seasonal in nature. Right now I'm moving into the busier part of the year, and have more money than usual to play with.

What kind of steps can I take to get this loan to a point where I'm not pissing so much money away on financing? I'm trying to make extra payments to bring the principal down, but it's an uphill battle when I'm getting $6 tacked on every loving day from my lovely interest rate.

What kind of options do I have here? If it's relevant, the car in question is a 2005 model with just north of 100k miles on it.