Auto Refinance Is it a waste of time to refinance a loan currently at 17.9 and bring it to 14.9 ? right now i have 48 months left at 435.36 a month. there offering 72 months at 316.00.
Re: Auto Refinance it would be worth it if you kept the term the same paying higher interest rate for short time or lower interest rate longer time is about the same i think
Re: Auto Refinance Anytime you can get a lower interest rate its good. Make sure there are no prepayment penalties and take it. Then pay the loan of in 48 months. You could also call them and ask for the 36 or 48 month rate. What are your credit scores? You could qualify with Peoplefirst or another online lender for as low as 6.5% on a re-fi.
Re: Auto Refinance peoplefirst just rejected me . i went through lendingtree. Roadloans rejected me. household accepted me. im at a 592 fico. have a couple chargeoffs from 2 and 3 years ago. credit has been perfect since then. Have Had my car loan for 1 year. But i guess that doesnt mean anything to them. 36 months would be paying 90 dollars more. 48 months would be saving only 20 bucks a month. 60 months save 80 bucks 72 months save 120 bucks.
