Got a 12.5% auto loan w/chase a few months ago, which was a big deal at the time. Recently I visited Chase's auto loan site, and found that with "fair" credit (their lowest category), interest rates are 9%. I realize that since I bought the car from a dealer, there might be a markup involved. But how likely am I to get a lower rate on a fixed loan - re-applying, I guess, is involved, but it would save a few hundred dollars over four years. Suggestions on how to approach this, if anyone's done it, would be appreciated. Second question - if I just keep this loan in place, is there any advantage to paying it off faster in terms of FICO, a relationship w/Chase, etc.
