Regular Contributor
bobebob
Posts: 236
Registered: ‎08-14-2011
Re: How soon is too soon to refinance an auto-loan?

I would think it depends on how much better the new rate is.  I used my good credit to refi my mom's new car less than a month after she bought it.

 

Dropped her rate from 6% to 1.99%.  Seemed worth it.

bobebob || April: My FICO SW EQ = 814 ||April: Walmart TU Fico=822
Goal = FICO's>800 || In my wallet: CostcoAmEx(20k), DCU Visa Platinum (10k), BoA Visa Signature (17.1k), Walmart Discover (7.5k), AmEx Corporate (5k). All PIF every month.