Overhaulin' - what are my options on a high interest rate on a car loan, my credit is not good, so refinancing is impossible

what are my options on a high interest rate on a car loan, my credit is not good, so refinancing is impossible

My credit is fair and the banks won't refinance my car loan wich is now @ 24.95%, this is too high for me. i need to know what happens is i turn the car in or what other options do i have?

Public Comments

It might really save you time to just get an auto loan price on the web to verify what todays rates are. You might be pleasantly happy. Also if your credit is not good, a lot of online loaners are more willing to work with people. What I always tell friends is that an online quote at http://auto.lowratetoday.com is a no brainer.
If you want to cut down on the interest, all you have to do in make more then the monthly payment and tell them you want it applied towards the principle
have you considered getting a co-signer?
need a car loan with some terrible credit.don't worry its better for you to try for an online loan.i think that the below website will help you to find right solution.
why not sale the car and get a use one you can pay cash for!!!
If your loan rate is at almost 25% guess what your credit is not fair, it is bad, turning the car in will just make it worse, they then will sell it a auction for far less than you owe and file a judgment on you for the remaining, (yes can garnish your wages) Most likely owe more than it is worth so selling is out of the question unless you can get a personal loan for the difference. So your option is pay it, you knew what you where getting into when you signed the contract, now hold up to your end of the bargain or fall in flames
If you turn the car in, it will still be a black mark on your credit. It sounds like your only option is to refi with a cosigner. You should qualify for that no problem, as long as your co-signer has good credit. I've had good luck here... http://auto.deal4-you.com Good luck