So I applied to refi my $21,700 balance on my car with DCU and I was approved. It's a good thing I know bc last November I was denied due to too many recent accounts opened. The loan officer kept her word that if I stayed with my payments for 6 months and on time with no lates, I'll be approved in that time frame if I still want to refinance. Well I got the green light today. My goal was to lower monthly payments. With things in my family always coming up that cost money, and my over time at work not being consistent like it use to, the extra money in my pocket a month helps. Well, with that said,I want some input if I'm being naive with this. My car loan is with Covantage Credit Union in Wisconsin. They have be absolutely great! My loan was originally for $24k a year ago@10% for 60 months. As my credit had gotten better, my loan officer has given me rate reductions on my loan. It was just reduced to a hair under 6%. Well my refinance with DCU was for $21,700 for the balance @9.9% for 65 months and no payment for 60 days. My payment went from $550 month to $430 month. Am I being young and dumb per say with this situation? My goal is to actually sell the car and until then I wanted a lower payment. I just don't want the payment and my needs have changed since I bought the car. In all reality it cost me $700 month just to drive it to work and that's where I spend most my time. I find it to be a waste. Should I have stayed with my original lender and toughed it out, or did I make a good choice? I kinda feel like I did make a good one. DCU said my score was EQ 599. The wrist of all my scores, go figure lol. I wish they pulled TU instead. If I made a bad choice,I guess it's life, and you live and learn then move on. Thanks everyone.