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Refinancing my auto loan?

Derrick W asked:


I want to refinance my current auto loan, and i don’t know alot about refinancing because i never did it before. First, how many payments do i have to make on time before i can check with different companies about refinancing? Some people have told me you can refinance after 6 months of on time payments. Second, how much will my payments or interest rate drop from my current rates? Third where is the company/bank to go for refinancing?

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One Response to “Refinancing my auto loan?”

  1. AE N Says:

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    Usually refinancing an auto loan is a waste of money. You shouldn’t have bought the car in the first place if you can’t afford the current payments

    Good Luck!

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