willing to refinance car with

Discussion in 'Credit Talk' started by marci, Oct 24, 2000.

  1. marci

    marci Well-Known Member

    I have been approved to refinance my high interest rate car with Summit Acceptance Corporation. Before I accept this new contract, I wanted to apply to other companies who would give me a better interest rate than Summit has offered. However, I have about $3,000 in negative equity. Most banks will not refinance the pay-off amount for that reason.

    Are there any banks or finance companies that will refinance a car with negative equity at a decent interest rate?

  2. MikeG

    MikeG Well-Known Member

    RE: willing to refinance car w

    You might try Household Direct. I have also read some good posts on WellsFargoFinancial.com.

    Hope that helps,

    Mike G.
  3. marci

    marci Well-Known Member

    RE: willing to refinance car w


    I actually was approved for a slightly competitive rate with WellsFargo Financial. They also said that I could refinance with them to lower the interest rate in the future. (?)

    I'm still weighing my options. If anyone has any other companies to recommend, I'm open!


  4. Reshod

    Reshod Well-Known Member

    RE: willing to refinance car w

    If you are a member of a credit union, I would try them. I financed my 2000 Galant with a credit union at 8.25%


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