Question by extrabutter:
Help! I am paying 19% on an auto loan for a 06′ suv and the lender says i need to wait a year 2 refinance.true?
Yea the last of the little guys w/ no overhead. I bought my lst automobile through there new start program cause of credit at 9% In house,I traded it back and got 3500 towrds a 06′Suzki XL -7in great shape but am realizing that not only was the automobile sold to me for too much but also that at 18% w/ the new loan I will be super upside down in a yr. should I try getting an older automobile and roll the appx 2500$ immediate loss after consignment into a new loan, or just tuff it out ?Is there a descent automobile dealer out there? that I can speak to?


——————————————

Answer by hunting4junk
if you’ve got decent credit you need to hit some local banks or credit unions and refinance that thing. hell you could have put it on a major credit card and got superior interest rates. what were you thinking???

Answer by caddy girl
the bank who loaned u the money dictates interest rate based on ur credit score………………where u bought the automobile if not a buy here pay here lot goes through different lenders to shop the ideal rate for u………if it is a buy here pay here lot then u r lucky it’s only 19%

——————————————
Know better? Leave your own answer in the comments!

Related posts:

  1. I HAVE A MORTGAGE FOR ABOUT $68,000 AT 6.875% 30 YEAR FIXED AND AN AUTO LOAN FOR $10,000. SHOULD I REFINANCE?
  2. SHOULD I WAIT TO REFINANCE MY AUTO LOAN BEFORE I BUY A HOUSE? WILL IT LOWER MY CREDIT SCORE?
  3. HOW LONG DO YOU HAVE TO WAIT TO REFINANCE AN AUTO LOAN?