https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287615#M1904 <BR /><BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/29272">@gramps1968</a> wrote:<BR /><DIV>I was wondering if it's possible to re-negotiate an interest rate on an auto loan. I got my loan 15 months ago when my credit was much worse. I know I could get a better rate now if I re-financed it elsewhere. Would a finance company do this to retain a customer and risk losing out on the thousands of dollars in interest they would receive over the life of the loan? Thanks!</DIV><BR /><HR /></BLOCKQUOTE><BR />All things being equal you would do better by gaining membership in a good credit union like Pentagon Federal. Scores, utilization, any baddies on your reports? What's up gramps? Need more info. Best to lose the finance company. Fri, 11 Jul 2008 21:44:35 GMT smallfry 2008-07-11T21:44:35Z https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287609#M1903 <DIV>I was wondering if it's possible to re-negotiate an interest rate on an auto loan. I got my loan 15 months ago when my credit was much worse. I know I could get a better rate now if I re-financed it elsewhere. Would a finance company do this to retain a customer and risk losing out on the thousands of dollars in interest they would receive over the life of the loan? Thanks!</DIV> Fri, 11 Jul 2008 21:32:52 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287609#M1903 gramps1968 2008-07-11T21:32:52Z https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287615#M1904 <BR /><BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/29272">@gramps1968</a> wrote:<BR /><DIV>I was wondering if it's possible to re-negotiate an interest rate on an auto loan. I got my loan 15 months ago when my credit was much worse. I know I could get a better rate now if I re-financed it elsewhere. Would a finance company do this to retain a customer and risk losing out on the thousands of dollars in interest they would receive over the life of the loan? Thanks!</DIV><BR /><HR /></BLOCKQUOTE><BR />All things being equal you would do better by gaining membership in a good credit union like Pentagon Federal. Scores, utilization, any baddies on your reports? What's up gramps? Need more info. Best to lose the finance company. Fri, 11 Jul 2008 21:44:35 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287615#M1904 smallfry 2008-07-11T21:44:35Z https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287632#M1905 <DIV>I haven't checked my scores in like a year(shame on me!). I plan on doing that shortly. Last time I checked they were in the low to mid 600's. The only baddie is a BK discharged 4/05. I haven't had any lates, collections, etc in years. My util is kinda high right now-after this months pmts it will be about 27% but will have it under 10% in a few months. Currently I have a Mtg, car loan, st. loan, Cap 1 card, Home Depot, + one other store card. I have 4 inq. in the last year but 3 were same day from an auto loan inq.</DIV> Fri, 11 Jul 2008 22:04:34 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287632#M1905 gramps1968 2008-07-11T22:04:34Z https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287652#M1906 05 huh? Kinda new that might be a problem. What is the interest rate on the car loan? Fri, 11 Jul 2008 22:23:04 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287652#M1906 smallfry 2008-07-11T22:23:04Z https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287668#M1907 <DIV>15%</DIV> Fri, 11 Jul 2008 22:33:49 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Refinancing-a-dumb-question/m-p/287668#M1907 gramps1968 2008-07-11T22:33:49Z