I'd love to refi my auto loan and get the payment down a bit, if possible.
Currently:
Term: 6 payments in to 48 months.
Payment: $480
Points: 14.54%
Payoff: $16,314.43
Bank: VW Credit.
I tried (2 months ago) applying to Cap One A.F., ..... they approved me, but said the interest would actually be MORE, making the payment go up by $50. Needless to say, i declined their offer.
Background: I've got 3 baddies on my report, all 3+ years old. Two of them will fall off mid-2011, and one will be on until 2013 unless i can get it taken off with a GW letter.
Is it worth waiting until the 2 paid collections fall off later this year to try to refi? I'm positive my score will jump when those fall off.
