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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%

Public Comments

1. Car loans are hard to refinance even with good credit because you generally owe more on it than it is worth from the minute you drive it off the lot until you make the last payment. Try to send extra in with the payment to get rid of it faster.
2. You are paying a very high rate, but it might not be worth your effort if the loan amount is small. For example if your balance is $5,000, dropping your rate to 6.9% will save you less than $42 a month. You are probably much better off just paying more toward your payment and then working toward getting your credit score and history better so that the next time you are looking to buy a car, you'll be able to get a better rate.