Overhaulin'

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

Public Comments

1. If you can, yes. Most people cannot refinance because they have too much negative equity in their vehicle. Your vehicle will likely have to be worth at least $9276 (maybe more depending on the lender) in order for you to refinance at a lower rate.