Regular Contributor
Posts: 130
Registered: ‎08-04-2007

I can re-fi a 3 month old loan.

a.) Its my 1st car loan.

b.) Ive only had credit for 2 years.

.......................................Make sense? B of A is my loan for my car. This sucks!...9.2 ....I should be at 6.4% ....eeewwwww.
Back in the 500s, dont ask
New Member
Posts: 7
Registered: ‎10-15-2007

Re: I can re-fi a 3 month old loan.

Yes, you can, and depending on what you're offered, you might save a ton of money. Watch out for fees though.

Back when I still did debt, I got a crappy finance deal through the dealership - within a month I rolled that into a credit union loan with a dramatically lower rate. Within another month I found an even better deal and rolled it again, all with no fees. As I recall with the two moves, my interest rate went from ~13% to about 5.9%. Not bad.

Of course, the ultimate would be not to finance the car at all, but to pay for it in cash. But I'll save that for another post. :smileyhappy:

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