Overhaulin' - Refinance Car Loan Knowledge Base

Refinance Car Loan Knowledge Base

Would it be good to refinance car loan when the current loan is reported as Included in Bankruptcy wrongly? I've got a car loan that was kept through my bankruptcy and I've been paying on for approx two years since now and just realized they reported it as part of my bankruptcy and they will not change(included is said because it was written about in the papers even though it was reaffirmed). I'm trying to now fix my credit up some and would like to know if it will help or even effect at all my credit to refinance it now?

Can i cancel a car refinance loan i made three days ago through Wells Fargo in California? I refinanced my car loan through wells fargo and i don't like the interest rate that they gave me so i want to cancel the loan, want to keep my original loan. I have already tried to call my original loan company and tell them to return the check, but they say there is nothing they can do. I tried to get Wells Fargo to stop payment on the check but they said i had to go to the branch. Are there any other things i can do? Maybe write a letter or something?

Is it possible to refinance a car loan with one's current auto loan bank or institution? I currently have an auto loan with Bank of America. I am paying 9.7% APR. I'm considering refinancing just to get my interest rate lower. In fall 05, I started it w/ a loan balance of ~$27K. In 1.5yrs, I've paid down the loan to a little under $15K. Currently the car has a trade-in value of ~$19,500 and a retail resale value of ~$23K(I looked this up on Kelly Blue Book's website). So I know that I'm not upside-down on my loan. Do I have a good chance of refinancing? My credit is solid, but the only thing that I'm afraid might hinder me is the credit card balances that I currently have(although I've been paying them on time). More importantly--Is there a chance Bank of America might be able to refinance my car loan for a lower rate? If they do this, is it possible for the loan acct.# to stay the same?(since it's within the same bank) Do banks sometimes refinance car loans that they already manage? And if I tried to refi with Bank of America, would it create a hard inquiry? I asked about it at my credit union and I'd say it's a no-no. The credit union said they only determine int. rates based on what tier my credit score falls in, so my good loan-to-value ratio, length of loan, etc won't help me. They also said that I'd only qualify for a "used car" loan, and the rates are higher for those. But I will definitely try Bank of America...except I called 2X today and got disconnected each time after waiting a while. >:( Anyone have any specific car loan experience dealing with Bank of America?

how much will my interest rate go down after i refinance my car loan? i bought a car 2 months ago and the dealer told me that i can refinance my loan after 7 months. my current interest rate is 12, what will it be after i refinance? please help!!! i live in NY if that helps

How fast should i refinance my car loan? Car loan is 17000 dollars apr is 17 %. Dealer told me that i can refinance in 4-6 months, but i think he lied to me. Bank told me that i can refinance only once. So 4 months passed. SHould i try to refinance it or wait at least 12 months??? Thank you.

How can I refinance my car loan if the bank that holds it is nowhere near me? I want to refinance my car that only has about $6,500 left to pay on it but the bank that holds my car loan is nowhere near me is there any way to refinance it through someone else?

Who is the best company to refinance a car loan though? I am financing a 2010 toyota, the car was at a good price, only has 14000 miles, my car payment is on point but my apr was a little high and now im feeling a little buyers remorse. Who would be the best company to refinance my auto loan though that can give me a good rate below 16% and doesnt have a lot of requirments?

How can i refinance my high interest car loan with bad credit? Wondering if anyone knows of a credit union or something who would be willing to let me refinance my car loan...I have med. to average credit score. My bank says its too low to refinance..

I want to refinance my car loan but my credit is worse than when I bought it? Bad idea? I have no idea how refinancing works. I want to refinance my car loan hoping to make my monthly payments smaller. It's over 1/2 paid off now. Will it hurt me if my credit is worse? How does that work. I am current on my payments.

Will it be difficult for me to refinance my car loan? I applied yesterday for a new apartment, so obviously my credit will be checked, among other things. My mom co-signed for a new car for me about a year ago and I am now plan to refinance my car loan in just my name. Am I going to have a difficult time getting the loan being that I just had my credit checked for a new place? I have about 2.5 years credit history with a fairly average credit score.

If I refinance my car loan before making my first payment. Can a dealership or bank charge any kind of fee? My used car loan rate I got from the dealership I bought my used car from is 8.77%. Seems like I will be able to refinance with a 6.4% rate. With additional expenses of a 75 dollar application fee and a 50 dollar title transfer fee. Loan amount is for little over 11,000 dollars. Seems like it may be worth doing.

Where is the best place to refinance a car loan? My current loan is through Toyota Financial. Should I go to them? Or do banks have cheaper rates? And I have seen a lot of .coms that offer car refinancing, is that safe? If anyone has any advice I would appreciate it.

Should I refinance my car loan if I'm getting a home loan? I'll be aplying for a home loan soon and I'm refinancing my car loan tomorrow, should I don't refinance. Would it affect my credit score?

How can I refinance my car loan if it is under $7500? I purchased my car ( a 2002 chevy cavalier coupe with 71000 miles) 5 months ago and did not realize what I was getting into. I was told that my interest rate was 20.55 (outrageous) for 60 months. i want to refinance the loan for a lower rate and possibly less months I purchased the vehicle for $5869.95. I keep searching but everywhere it says the minimum is $7500, what can I do? My credit is not great either, I have what they call insufficient credit.

What is the best/easiest way to refinance my car loan? I have already contacted the company who loaned me the money in the first place they say that my income is insufficient and that my debt to income ratio is too high. The crazy part is that I earned less money and had more debt when I first bought the car!!! So what's the deal? Did the crooked salesman pull a fast one on the lender or what? Why can't I refinance now? What lender should I try next?

Can I refinance my car loan for a lower monthly payment? I need a lower monthly payment on my 2006 Toyota Corolla I bought new from the dealer. Can I refinance the loan to do this? How do I go about it? I already have a Home Equity Loan for something else. The car loan is through a credit union. I am maxed out on lines of credit. I already used my Home Equity line of Credit for something else, so I can't use it for that. I still owe $14,500, there is not enough equity left to pay that!

How to refinance a car loan? Do some one know how to refinance a car loan if my credit history in fair position and my curent loan is 16.9%

Can a bank force you to refinance a car loan to change your last name (due to marriage)? My then fiance and I co-signed for a car a few months ago. Now that we are married and she has taken my last name, she wants to change her name on the loan. The bank told her today she may have to refinance (at a prevailing higher rate) to get her name changed. This seems illegal. We are waiting to hear back on Monday from someone else, but does anyone have any insight or suggestions assuming they take the same stance on Monday? We live and bought the car in Georgia. Thanks!

can we do refinance car loan for a proton car that more then 10 years? Can we do refinance car loan for a proton car that more then 10 years.. and how much we can refinance it..please help me on this... thank you

Is it smart to refinance my car loan at this point of time? i just wondering if i refinance my loan would my payment go down because of the stock crisis?

Where can I go to refinance my car loan? I have credit issues, bankruptcy discharged in 2006 and late payments after that, and I am looking to refinance my truck loan. I guess I am still considered a risk even though my credit scores have improved drastically. Any suggestions where to look?

When can i Refinance my car loan? Ok so i got a new car in July with my mom as co-signer. I have good credit since i have been making my payments. I also just got a small loan through a credit union to help increase my credit score. I wanted to know when i can and should refinance my car to lower the rate. Started making payments in September of 08' is it too early?

How long would one wait to refinance a car loan? I bought my car in April and of course have a terrible interest rate. I have been paying all my payments on time as well as credit card bills etc. When should I try and refinance?

When is the best time to refinance a car loan? I recently purchased a new car in November and the dealer told me that I can come back in year when my credit excels a bit to refinance with them. Is this true and do I have the option to refinance with another lender?

Can I refinance two car loans into one loan? I'm wanting to reduce some of my monthly payments and I figured combining my auto loans would be a good idea. Is there a way to refinance and combine the two car loans???

When is too soon to refinance a car loan? We've had our car for a little over a year and were thinking about refinancing to get a better APR since our credit is in better shape now. Is that too soon to refinance?

Can I refinance a car loan from my moms name to mine? This time last year I got a car, but because I had no credit score the loan was put into my mother's name. She doesn't have the best credit so we got an APR of around 12% for 7 years. I checked my credit score at one of those free sites a few months ago and it said mine was 709. Is it possible to refinance the car into my name and get a lower APR?

did anyone refinance a car loan with chase bank? i have a car loan for 3 months with chase, and they told me that i can refinance the loan in 4 months. my current rate is 12 %. did anyone refinance a loan with chase? how much did they lower the APR. Which bank is the best for car refinancing.

How can I pay off my car loan quicker? Refinance an option??? I currently owe $26,000.00 on my car loan, with 8.9% interest. Would it be worth the refinance charge if it brought the interest down to 4.8% (the refinance charge would be approximately $2,000)? I'm on a six year loan. Is there any way to pay it off quicker?

I want to refinance my car loan but I have really bad credit any suggestion on where to get a loan? I have a really high car note with an 18% interest rate I really want to refinance without a cosigner is it possible

If I owe $2000 more on my car loan than my car is worth - will I still be able to refinance the loan? I currently have a loan on my car under my mom's name and mine. I want to refinance the loan and have it solely under my name, however the car value is $2000 less than the loan. Will I still be able to refinance or am I going to have to come up with the $2000 on my own? NEED ADVICE!

used car refinance loan for upside down vehicle? I have a car that is leased with payoff remaining is 20000 and I would like to buy it out...but I see the car value is around 18000... now, when I apply for a used car loan can I get the loan for 20,000? or will the banks ONLY give maximum loan of what the car is actually worth(i.e. 18,000)?

Solve an argument - refinancing car loan AFTER making really large payment? If you're planning to refinance your car loan in a few months (at a MUCH lower interest rate) what is the logic in paying a large chunk of money NOW to the company that holds the high-interest loan at the moment? Seriously, I'm missing the logic here. Wouldn't it be smarter, if you have a chunk of money (which is equal to three high-interest rate car loan payments) why wouldn't you just make your normal payment for the next few months, refinance at the lower rate and THEN pay the big chunk of money?

Does gap insurance cover if i had refinance the car loan?? I bought a car w/ gap insurance 2 years ago; and i had refinanced the car loan w/ another bank. I would like to know if that gap insurance that i bought 2 years ago will still cover even i refinanced the car???

Should I refinance my car loan, given these details? I was a first time car buyer on August of 2006 when I purchased my 2002 VW Jetta. I put my name and my spouses name on the car when we financed it through the dealership at a rate of 10.45% (we were told it was a good rate for first time purchasers). I have been making all payments and we just recently checked our FICO credit score which was 790 and 780. We have about 11,000 left on the loan and were deciding on if we should refinance, or maybe trade it in?????

where is the best place to refinance a car loan? If credit unions are best, do they offer that on the trade in value or on the retail value of the vehicle?

Are there any banks that will refinance a car loan with a car that has more then 70000 miles? I've had no luck finding one that will. I have a 2008 Honda civic lx w/74000 mil.

Can you refinance your car loan? I still owe $3,000 on my car orignally purchased for 10k the interest rate is 6.5% i know i can get a cheaper rate for the remaining $3,000. Do I go to any bank and refinance like a house or how does it work?

What is the best place to go to refinance your car loan to a lower payment?

when do you refinance car loan? I currently have 36 months left at 9.90% with $9276 left. Should I refinance at 2.24%? May be a dumb question but I don't know anything about refinancing a car thanks

If i want to refinance my car loan, what should i look for? How do i know which is the best interest rate.

New Car Loan Vs. Refinance Car Loan Question? Say i get a loan with a bank for a new car but use it to refinance my old car since the loan rate will be cheaper if i get the loan for a new car instead of a used or refinanced car loan.

Should I refinance my car loan right away? Hi, I recently bought a new car and got a rebate for financing through the dealer Mazda American Credit. Of course I got a higher interest rate. The dealer told me that I have to make 4 payments before I refinance which I found out is false. But my question is should I refinance right away or should I wait since it is still a fairly new loan. Current Interest rate is 8.99 for 72 Months I have very good credit and could probably get sub 7% interest rate by refinancing. Any Ideas??

Refinance my car loan with a Credit Union in Austin, TX? I still have more than 5 years to pay but with my high APR I believe I could get a lower payment if I'll refinance.. Do you know of any reputable Credit Union here in Austin who can give a very good deal?

How does one refinance a car loan? After how long can you try to refinance?

Refinance Car Loan? i have a friend who bought a 2006 hyundai sonata and has paid his car note on time for all most 2 years and he tried to refinance the car through his bank wells fargo and they denied him what do they bank look at when u refinance your car loan. he wants to refinance his car loans do anybody any banks in caa that will refinance

I am a co-buyer on a car loan.Can I refinance the loan to a diff institution and remove the primary buyer? If its possible what are my choices if I have a good to excellent credit score from the 3 credit reporting agencies. What are the steps to take to make me the only one responsible for the loan. The thing I asked is because I have a high interest rate from the loan mainly because I was just starting out before without a credit history and the primary buyer I asked to help me has only a fair credit score.

Should I refinance my car loan? I'm not proud of this but I have some credit card debt (I was dumb, didn't make much money as I do now, and no longer use my cards) and would like to find a way to pay them faster. I have three cards totalling $6,400 with an average rate of 21.69% I have a car loan with only two years left with a low 2.9% rate. My payments are $323. So my question is, is it more wise to get a separate low interest rate loan to pay my credit cards (no I won't use them because they aren't even close to maxed out currently) or refinance my car to a 5 year loan to free up more money to pay my credit card debt faster? FYI: I do have really good credit, never pay late. I make at least $1200 a month and my only bills is my car payment, car insurance. And of course I like to have money for gas, clothes, toiletries, and some groceries/lunch.

if I refinance my car loan, does is lower my credit score? is it better to borrow from someone, pay off bank loan, and pay off the person monthly instead?

Can I refinance a car loan? Can I refinance a car loan? For instance... I bought a car with all cash. Now I need to have cash on hand and would love to just have car payments every month. Is this possible? THANKS!

How long do you have to wait before you can refinance a car loan? ? I helped my friend get his car about a year ago, and now I would like him to refinance his loan with his name only. How many years does he have to wait to do this? And how do we do this?

How long should you want until you try to refinance an car loan? My wife had no credit when I got the loan, but she has credit now and I want to add her to the loan, but to do so I will have to refinance. This could hurt my score? But could help my intrest rate. (Currently 13%) My credit has also gotten better since the loan. It's been 7 months now, I heard I should wait until a year.

If I have good credit & want to refinance my car loan. What are my best options? I'm currently paying almost $600 a month for my car(72 month loan) & have cleared my credit from fraudulent activities. What are my best options to make lower payments. I'm willing to put money down.

Is there a good company to refinance a car loan with? i pay $305 a month for my SUV, and can't keep up with the payments now that i had another baby. i need to refinance with bad credit, are there any good companys to go with that will significantly lower my monthly payments?

after how long can you refinance a car loan? when can you refinance a car loan?? anytime or is there a set period of time...

Best place to refinance car loan? I want to refinance my car loan. Who is the best lender, online or regular?

Can i refinance my car loan to pay off credit card debt? I would like to refinance my car loan to pay off about $3500.00 in credit card debt. I currently owe around $3200.00 on my current car loan. If I go to my credit union will they be receptive to refinancing, or is it not possible to do this?

How can i refinance my car loan with a different co-signer? My cosigner on my car loan needs to be removed. Can i refinance with a different co-signer?

When should I refinance my car loan? I have poor credit but was able to get approved for a new car (about $17000) in January. Of course the interest rate is terrible (18%) and I would like to refi the loan. I have been able to establish other good credit since then and have had only one late payment since January. How long should I wait until I try refinancing the car loan and where is a good place to go? The bad reports on my credit history start dropping next January and will be all gone by the end of 2008.

Where to refinance my car loan where is the best place at have 13 payments and I don`t know where . Thank you I have 9.4 % intrest and do you know how much I can get and where I can apply to refinance my car loan. I don`t know how much is my credit score, i don`t have miss payments. Ok thanks again

Can we refinance a car loan with another bank to get a better rate and save money? We have a car loan for $10,000 and a rate of 7.5%. We were looking for a better rate (to save some cash). Would it be possible for us to find a loan with another bank for a lower rate and pay our current bank off, in order to save money?

Where can I go online to refinance my current car loan? I had to file bankruptcy 08/2005 after my divorce so my credit is poor. But I am needing to refinance my loan? I am single mother who is trying to find ways to cut payments? Anybody please help????

Should I refinance my car loan? I bought a car last year, it will be 1year a couple months. I've made all my payments on time except for one month due to a computer error. My payments are currently $300 a month and I will have 2yrs left on my loan. Should i try to refinance and get a cheaper monthly rate ? If so, any good sugesstions on who to use?

I have a high interest car loan, should I refinance my car loan? My credit is better now, so should I trade in My car is finance through a personal sales car lot, should I trade in with a different place since my credit is better?

Should I refinance my car loan or let it go back? 2004 Dodge Neon with 105,000 miles and owe 9500. Credit is not so good but the APR on it now is 16%.

Should I refinance my car loan again? A few days ago I refinance my 21% six year loan to an 11.5% four year loan with a credit union (when all websites and banks rejected my refinance request). What I'm wondering now is, how long should I wait to refinance for a better rate? I'm thinking in 6-8 months I'll refinance with the same credit union for a 3 year loan. Any advice?

Is it possible to refinance my car loan and take some cashout.....? against the equity I have in the car? I have about $10k + equity in the car and wanted to take $3k cashout when I refinance...Is this possible?? against the equity I have in the car? I have about $10k + equity in the car and wanted to take $3k cashout when I refinance...Is this possible?? *** The reason for the $ is to get back on my feet. Just started new job and will be making decent $$$, but need a lil cash to hold me over til then.... *** The reason for the $ is to get back on my feet. Just started new job and will be making decent $$$, but need a lil cash to hold me over til then....

Refinance car loan for $3,500? I have a car loan now with Wachovia, but when I signed a loan it wasn't a fixed interest rate. At the time I signed the contract I was unaware of that. It has been 5 years and my payment has stayed the same. I received a notice the other day saying that my car payment was going up an extra $55 per month. I only have 12 more payments and $3,500 left to pay. I have called several banks and most of their minimum loan is for $5,000 or more. I don't have any credit cards, nor would I like to get any more (I shredded them and trying to pay them all off), and I cannot afford an extra $55 per month. Does anyone know of a bank that will refinance my car for only $3,500?

unable to refinance car loan due to debts? ok here goes, i purchased a car from a dealership and was financed through them, they told me they tried other companies and i was denied ,or the intrest was much higher due to not only my credit but the unpaid debts i have. i had previously paid off a car loan and the bankrupsy on my credit will be removed soon, my intrest rate is 23% and i have not been able to refinance due to debts on my credit. Problem is If i continue to pay such a high premium am unable to clean up my credit. doesn't seem to fair. I am trying to clean up my credit, but at the same time I have found noone that will refinance me so i could, it's like I can't afford the car payment now, so we won't refinance until the credit is better. catch 22 i guess any ideas. payments are always on time. i can't afford to keep the car, but can't afford to sell and still owe.????

Need to refinance car loan, what are my options? I bought a new car around July and my mom co-signed on it with me due to a previous accident that hurt my credit I had no choice. My mom now wants to be taken off the loan so she can refinance her home due to my parents separating. I have called Chase and they wont allow me to take her off. What are my options to get a loan with just me. I have had a previous loan and never missed a payment on it for 3 years. Would credit unions be my best bet, any banks in MO or in general you can recommend. Any help would be greatly appreciated as my mom has been stressing me out about this constantly.

i cant get anyone to refinance car loan what can i do ? i pay 295.00 a month . i just want to make lower payments and i am 3 months be hide

Car Loan Refinance with credit score 675.? I have my car loan for 63 months, 11% interest, right now I'm on 15000 pay off and I've been paying for 11 months. My credit score rose from 620 to 675 now so I think it might be a good time to refinance it. Should I contact my credit union [my loan company] or a bank? I've seen Bank of America offers 6% on used car refinancing, will I be able to get approved with my credit score? Thank you

How can i refinance my car loan with very bad credit?

Where is the best place to refinance my car loan? When I first got my car in March 2006 my interest rate was 17.9% I refinance in September 2006 with E-loan for a rate of 11.04% we recently bought a home and our finally establishing some credit. So I think it's time to refinance again. Does anyone recommend a great place to get a great rate?

Will I be able to refinance my car loan without a paying job? I am unhappy with my current bank that my loan is through, and would like to refinance through another company. However, I am a stay at home mom. Can I use my husbands paystub as proof of income? he is not a co- owner of my vehicle.

What credit union will refinance a car loan with credit score 570? I am with Patelco credit union and you have practically jump thru hoops to do ANYTHING. I can't even get a check card without them runnin my credit report. My account is in good standing. Only reason I openned is to establish a relationship to get a loan, but if I can't get a check card what else can I do?

Refinancing car loan for longer period? An unconventional question, but...is it possible to refinance a car loan for a longer period of time? For instance, if you have 48 months left on your loan, can one refinance w/another company for 60 months to simply lower the payments for the immediate future? Thanks!

When can i refinance my car loan ?? i bought a car on June 5th this year ( 200-7-) Now i pay around 425 dollars for it every month , and as per insurance around 198 . i make around 750 dollars a month . i am doing this because i want to be independent from my parents. If i don't start somewhere then i will never be on my own . anyway emotional stuff aside..hehe. When can i refinance my loan , currently it's around 6-7% I think my credit score went high , my equifax is 669 , when i checked right now on creditinform.com. I have chase bank , you think they can lower it ? do you know how much lower they can go ? around 300 maybe? i am goin to take defensive driving class also , i heard that saves a lot of money also on insurance.. Please help , : ) thanks , have a nice day.

I signed for a car loan for someone with the agreement they refinance and put loan in there name after a year And remove my name from the loan when we signed for the loan the other personas credit was bad so i signed first and them second on the application. My name is not on the title as co owner or second secured party. THE person has tried to get a loan supposedly but was told the car is not worth what they owe on it . And supposidly cant get a loan. THEY have been making the payments but i want my name removed it was just to help them establish good credit, I have a signed document of them agreeing to refinance and remove my name . What can i leagly do ? to get them to look harder into finding a credit union or bank that will give them a loan and get my name off of it.

How soon after I get a car loan can I refinance with another lender? I am in the market for a new vehicle and I'm thinking of financing through the dealer in order to get the "best" deal. However, I really don't intend to stay with them and plan on refinancing through my own bank. My question is: how long do I have to wait until I can refinance, if at all?

Refinance car loan after six months? - I have no credit history at all.

How do I refinance my car loan?

How long do you have to wait to refinance a car loan?

Is there a way to refinance an car loan with bad credit? any company that is likely to help?? I have an car loan that has just over 12,000 left due and I would like to refinance but have bad credit...is there a company that will refinace even if you have bad credit???

how do you refinance your car loan? my car finace company does not have the option to refi.

If I refinance my car loan will my credit score go up? Seems to me it should cause ur paying off one loan and opening another

How long should you want until you try to refinance an car loan? My wife had no credit when I got the loan, but she has credit now and I want to add her to the loan, but to do so I will have to refinance. This could hurt my score? But could help my intrest rate. (Currently 13%) May credit has also gotten better since the loan. It's been 7 months now, I heard I should wait until a year.

I have a car loan worth $5000 and I would like to refinance to extend the loan not enough money to pay current Current job cannot support for the payment of car. Please if you know any loan company that can help me with refinancing my current loan right now. My credit is no good at all