How soon can I refinance after a purchase?

[Anonymous]

I brought a car at the dealer with dealer financing at 4.74 % apr last week. I found that I quallify for 2.49% with my CU. So I want to refinance, how soon can I do it? Do I have to wait a couple of months? 

Auto loan is for $13,800 at 4.74% for 5 yrs. The total payment would be $15,526 vs $14,691 at an apr of 2.49%.

Credit scores are in the range 770 - 790. 5 yo oldest acct. Total 10 accounts (9 credit card and 1 personal loan). No late payments.

[Anonymous]

30 years ago ex MS backwoods did it the next morning on a car.  Make sure the old note is simple interest and not rule of 78's.  I once refied something else  from 18% to 10% and because of rule 78's where interest is very top heavy saved only a few hundred dollars on a $20K loan.  

[Loquat]

You can refinance whenever you want...there's no set time limit.

[Anonymous]

I refinanced twice in 10 days because I was offered better rates.  I went from 12.57% to 8.5% to 4.29%.  

[Anonymous]

I refinanced with PenFed 30 days after my purchase and only pushed my interest down a point.  But over the life of the loan, that refi was worth $2500 in savings.  Well worth the 20 min it took me to send the paperwork back....easy peasy!

[jdxprs1]

As soon as the original place you financed with has an account number, you can do the refi. For me last month I financed with ford, then refinanced to nfcu 3 days later. I had to call ford and get the account number.

[Anonymous]

Agreed; I refi'd after one month last year; went from 10.29% to 2.99%