I have decided to change banks. I hold a chceking account plus so happens I have an auto loan with the same bank. I got tired of my bank(several years now) and wanted to switch to another where I can actually gain something. As a new customer, a thought of refinancing my auto loan came to mind. Wouldn't my new bank like that idea of having me as a regular checking account customer as well as auto loan holder?? I've only had my new car for 8 months now. What are the odds of the new bank approving me? Another big question is: Is it wise to do so as far as how it looks on your credit report? Thank you for any help.
I would say that it depends on your credit and the interst rate that you could get by refinancing. If not any better, what would be the point?
