Frequent Contributor
Posts: 379
Registered: ‎03-31-2012
Re: How soon is too soon to refinance an auto-loan?

The cost and time to re-fi may not be worth the .4% you will gain in the re-fi.


My suggestion would be to pay an additional $5-10 per month above the monthly payment, and pay off the loan faster then planned.  This will save you more then the .4% re-fi and make you attractive to other lenders when reviewing your payment history.