http://ficoforums.myfico.com/t5/Auto-Loans/Original-loan-vs-Refi/m-p/1843809#M27839 <p>You will begin a new loan term and will start with month 1.  It's a brand new loan.</p> Wed, 30 Jan 2013 21:51:36 GMT 203bravo 2013-01-30T21:51:36Z http://ficoforums.myfico.com/t5/Auto-Loans/Original-loan-vs-Refi/m-p/1843697#M27837 <p>My original loan was for 60 months, when I refinance how does that work? Does it start another 60 month loan, will it go down or does it all depend on the rate that I get?</p><p> </p><p>Thanks guys, I need to refi- but Im nervous LOL</p> Wed, 30 Jan 2013 20:48:46 GMT http://ficoforums.myfico.com/t5/Auto-Loans/Original-loan-vs-Refi/m-p/1843697#M27837 currentlywinning 2013-01-30T20:48:46Z http://ficoforums.myfico.com/t5/Auto-Loans/Original-loan-vs-Refi/m-p/1843809#M27839 <p>You will begin a new loan term and will start with month 1.  It's a brand new loan.</p> Wed, 30 Jan 2013 21:51:36 GMT http://ficoforums.myfico.com/t5/Auto-Loans/Original-loan-vs-Refi/m-p/1843809#M27839 203bravo 2013-01-30T21:51:36Z http://ficoforums.myfico.com/t5/Auto-Loans/Original-loan-vs-Refi/m-p/1844341#M27854 203bravo is right, but to clarify you typically get to pick your new term when you refinance. May be some restrictions but 48 or 60 month terms are not uncommon if that's what you want... Probably the majority even.<br> Thu, 31 Jan 2013 02:50:09 GMT http://ficoforums.myfico.com/t5/Auto-Loans/Original-loan-vs-Refi/m-p/1844341#M27854 Revelate 2013-01-31T02:50:09Z