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Can i refiance a car with 150K miles

Regular Contributor

Re: Can i refiance a car with 150K miles

It would just be a title loan then not a refinance. You are not likely to get a good Apr or very much money for an older car with that much mileage.
Message 11 of 13
New Visitor

Re: Can i refiance a car with 150K miles

What was the process. I just applied today with dcu
Message 12 of 13
Established Contributor

Re: Can i refiance a car with 150K miles


@wrote:

I bought a 2006 Silverado at the beginning of January 2016 and it had 183,000+ miles on it and the dealer approved me at a bank with a ridiculous interest rate. Before the end of January I refinanced with DCU and got a 3 year loan at 2.74% interest (DCU initially offered me a 4 year loan on the phone when they called saying I was approved but I told them I wanted 3 years instead)

 

To answer your question, yes, you can refinance a vehicle with over 150,000 miles on it.


Royalbacon,

 

How upside down were you in your deal with DCU?  And, what are you scores like?

 

Just curious.....I'm kind of in the same boat!

 

Thanks.  Any information would be greatly appreciated!!

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Message 13 of 13