said by MEDIAN2k3:Thats ok after a year I will refinance and get better payments or trade up for something else.
I hope you truly
did get a good price on the Ford Edge and hopefully in a year it will be worth more than what you owe on it, else refinancing will be difficult.
One quick and dirty way it find out is to look up the
NADA value of the same vehicle that's one year older than yours. If you'll owe less than that price (by this time next year) you should be okay.