The loan officer called me yesterday to say I had underestimated the amount needed for pay-off of the existing loan. It’s going to be about $350 more than I thought, so he’s upped the refinancing to cover it. I will not have a payment due till February 10th, so essentially I get to skip the January payment. I’m going to use the savings to open a secured credit card account at my credit union, which will be used solely for making the monthly car payments. This way, I’ll not only be decreasing my indebtedness through refinancing, I’ll also be increasing my credit scores by establishing two new credit lines.