https://ficoforums.myfico.com/t5/Auto-Loans/Refinancing-car-after-BK/m-p/4755212#M68168 I'm wondering if and when I should refinance my car loan. I bought a car immediately post discharge at a heinous 21% rate. Used Chevy Impala that I bought for $7500 including tax and all, with 60k miles. Nothing great, but it'll help with my rebuild, and my previous car was worn out and needed to be replaced anyway.<BR />So with this 21% rate, my payment is $185 for 72 months. My credit score has gone up to the low 600s. (605,616, and 603) which should get me a much lower rate. Should I do that, or is it not really that important with a payment this low?<BR />My income is about $80k so the payment isn't hurting at all, and once I'm fully recovered, I plan to buy a new Chevy suburban or Nissan NVP, which are both significantly more expensive, so the rate will matter more.<BR />my thought is that if I reduce the rate in the impala to the 12-15%, I can cut 1-2 years off the term and still keep the same payment or within $10. Has anyone had any experience with a refinance just a couple of months into a loan though? Sun, 25 Sep 2016 19:17:19 GMT jason0618 2016-09-25T19:17:19Z https://ficoforums.myfico.com/t5/Auto-Loans/Refinancing-car-after-BK/m-p/4755212#M68168 I'm wondering if and when I should refinance my car loan. I bought a car immediately post discharge at a heinous 21% rate. Used Chevy Impala that I bought for $7500 including tax and all, with 60k miles. Nothing great, but it'll help with my rebuild, and my previous car was worn out and needed to be replaced anyway.<BR />So with this 21% rate, my payment is $185 for 72 months. My credit score has gone up to the low 600s. (605,616, and 603) which should get me a much lower rate. Should I do that, or is it not really that important with a payment this low?<BR />My income is about $80k so the payment isn't hurting at all, and once I'm fully recovered, I plan to buy a new Chevy suburban or Nissan NVP, which are both significantly more expensive, so the rate will matter more.<BR />my thought is that if I reduce the rate in the impala to the 12-15%, I can cut 1-2 years off the term and still keep the same payment or within $10. Has anyone had any experience with a refinance just a couple of months into a loan though? Sun, 25 Sep 2016 19:17:19 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Refinancing-car-after-BK/m-p/4755212#M68168 jason0618 2016-09-25T19:17:19Z