Consolidating car loan into house loan?

A common answer seen to a previous question I asked was to consolidate my car loan to my home loan; but I'm not sure if it's the best idea B/C I owe 10,300 on the car and the trade in value is 12,700 resale value is even higher AND my interest rate on the car is 3.9%; interest rate on house is 6.1%. So, would it be better to get the car pmt in the house pmt if I'm going to end up paying more interest-wise??

We are having a hard time making it paycheck to paycheck due to loss in hours, while cost of living continues to increase and want to make things a little easier but not sure if this idea is great

Any help in understanding the pros or cons of doing so would be VERY much appreciated from a broke single mom! :)

If you miss a car payment, you lose the car. Bad.
If you miss a house payment, you lose the house. Disaster. Not worth the risk.

Here's a third option:

Sell the car for $12,700.
Pay off the $10,300 car debt.
Use the $2400 to pay cash for a car.

Then watch this 5-minute video on what to do with the money you freed up from your car payment:
http://www.daveramsey.com/etc/lms/drive_...

It's never a good idea to shift unsecured debt (credit cards) and depreciating asset debt (car) to your house. If you can't make the car payment, you lose the car. But if you can't make the house payment, you're on the street.

If the house interest were less, you still would end up paying more actual interest. The debt gets strung out over more years. Long after that vehicle is rusting in the junk yard, you will still be working on paying it off.

In your case, it really is a no brainer. Your car interest is 3.9% and the house is 6.1%. Duh! the car interest is less. Refinancing to roll the car and house together would result in a larger payment.

If your hours have been cut back, cut back on expenses. Get rid of the extras -- cell phone, eating out, new clothes, premium cable and internet, etc. Find ways to bring in more cash -- gargage sale, collect alum cans, get a second job.

sell the car and buy a used one with the cash off of places like ebay. I bought a nice used 2001 Chevy Cavalier for $2600 off of ebay. Yeah, it has 130k miles on it, but with proper care I should easily get another 100k+ miles from it. If America would look at vehicles as a means of transportation as opposed to status symbol we wouldn't be in as bad economic shape in this country as we are. America is one of the few countries whose citizens buy everything with other people's money. While spending like that does boost the economy, at some point the crows come home to roost and the nation pays for it's finacial irresponsibility like what is happening now.

One of my friends asked me this kind of questions before,I found helpful here.http://carloan.onlineidea.info/car-loan-...