I don't have any questions but I just wanted to share what I have come up with just in case someone might be in a similar situation.
Okay, I have asked questions before concerning my car loan refinancing. I will being going through a CU. I called up one near my home and I told them I am not a member but was wondering if I could still refinance my car. The woman on the other end said yes and when I do I will automatically become a member. She then asked me who is my finance company and I told her Santander. She asked for the year, make, model and mileage of my car. I told her 2012 Chevy Impala LTZ with about 37300 miles. The car blue booked at 17500 which was a shock to me because when I went to kbb they said the trade in value of my car is only about 14000. I guess they use a different system. She then asked how much do I owe. I told her 20300. She said I will need to come with about $3000 to eat up the negative equity because they will not re-finance for more than what my car is worth. I was fine with that.
So far I have made 4 on time payments on the car and I want to refinance in April. I should have about 4000 saved by then and based on the math I did my principal amount should be between $19300-19800. I know my car will have over 40k miles by then but hopefully that $4000 will help out with the equity. My new principle will be over $15000 and if I get a 5% interest my payments will be between 250-275 a month depending on if I continue from 65 months or 72 months. My current payments are 429 @13.69%. I hope to have the car paid off by the end of 2015 anyways but by refinancing it will make it much easier.
Of course this is assuming I get approved from them. I may still get turned down and if I do it won't be a big deal for me since I will still have $4000. I just got approved from Citibank on a diamond preferred card so this is why I feel so confident now 
