<prompt> Human: My job is about to end is voluntary overtime program, and my wife and I were looking at ways to lower our monthly expenses to help counteract losing the extra income.With our base income, not counting the over time, we have 300 a month surplus. The overtime adds around 7-800 dollars. Our 2 vehicles are:2017 Kia Sportage with 465 a month payment at 4 interest2011 Ford Fusion Sport with 275 a month payment at 5 interest. We have 6 years left to pay on the Kia weve owned it 1 year and 2 years left to pay on the Fusion. Should we refinance either of the vehicles to a longer term to lower our monthly payment?  <response>: Do NOT refinance to a longer term. At 465month, youre already committed to paying 39,000 for that Kia. A longer term will only increase that number. Youre also two years away from having that Fusion paid off...dont indenture yourself further. Now, for more specifics on how to manage a reduction in income, you should post your overall income and budget. Refinancing these cars to longer terms is not good personal finance, but this sub can help in responsible ways if you post your income and budget. 