cancel
Showing results for 
Search instead for 
Did you mean: 

Auto refinance

tag
trella27
Established Member

Auto refinance

Need help: I have an auto loan that my aunt drives anf makes payments. The balance is est. at $7300 with a 6% interest rate. Im in the process of buying a house and need suggestions on getting the car out of my name. My aunt credit is not good. Please can anyone assist me as to how I can get out of this situation. I am due to close in March.

Message 1 of 2
1 REPLY 1
TheGardner
Valued Contributor

Re: Auto refinance

Anyone else that can co-sign? If not she could try a credit union and see what rate she gets. Luckily at 6% she won't notice a huge difference in 9% if that's what she gets.. How long have you had this loan? The payment may be smaller with a refi so that could be the bait to have her refinance the car!

All this saying you have equity in the vehicle..

Good luck!
If anyone needs me I will be In The Garden. Goal Score: 760 for all in 2015.
Current FICO Scores EX: 715 EQ: 756 TU: 762
Last APP April 21, 2015.
Victim of The great AMEX HP heist of Dec 1st, 2nd and 3rd of 2014.
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.