Overhaulin'

can i refinance my balloon balance payment on my car loan thru a bank vs. car dealer?

The original loan was made through car dealer. I thought I would have to do a lease buy out loan.

Public Comments

1. Lease to buy out a loan? That is digging a bigger and bigger hole for yourself. === Cars are not RE-FINANCED like houses. You can get a personal loan or home equity loan to pay off the car loan early (assuming there's no pre-penalty). good Luck...
2. You sure can refinance if your credit has improved in the mean time. There's no harm in trying to see if its possible to get better rate. Usually the banks are good at it. The dealer is less inclined to do so. Most likely he has long sold your loan to some finance company!
3. Yes, just get the payoff of your current loan and apply for the same amount through another bank or credit union. I've had good luck here... http://auto.deal4-you.com See ya.