Overhaulin'

I have and upside down loan on my car and want to refinance, my interest rate is currently 12%.?

I have good credit and i have been paying extra each month on my car note. If i refinance will that benefit me and will I pay less each month.

Public Comments

1. Calculate the savings in interest with your current over payment and add in the extra re-financing fees. If that cost is less than just paying it, go for it. If not, pay it like you are
2. Anything is better than paying 12% on a car note. If your credit is good though, why are you at such a high interest rate? Call your creditor and see if they will refinance it internally first.