Auto Refi question

[drboxing]

Was just approved for auto loan with Cap One. Due to recent Chpt 13 BK discharge my rate is 13.83%. My question is how long should I wait before attempting to refinance for a lower rate? Appreciate any help

[Quantarra]

I was told at least 6 months and as long as you're score is a little better than when you first app I just refi mine and it has been almost 6 months I went from 15% to 3.75% with my CU good luck

[drboxing]

Thanks for info, will definitely give it a shot in 6 months

[HoldingOntoHope]

It's not so much a matter of the time you have had the auto loan but an improvement in FICO scores that qualifies you for a better rate. If you don't have any further delinquencies then your FICO score is likely to improve. Although you didn't say how long ago the BK was as it fades into history you should see score improvement.