Refinance %age

[tufa4311]

I'm looking to determine if I should refinance my current auto loan. First, I have no problems with the loan, pay on time, have never been late or missed a pament. That said, I was approved for the loan a while back and now my credit score is 100+ points better. My current rate is 3.44%. That seems pretty low but I have no idea if it would be lower with such an increase in my credit score. What do you think?

[sccredit]

3.44% is a pretty good rate.  Check out DCU for a 1.49-1.99 rate but that will be a hard rate to compete with.

[SamsungHDTV]

I would go for it if I were you. Rates are around 2% depending on lender and age of your vehicle. No closing costs on auto loans so the only cost is a credit inquiry.

[tufa4311]

Could I just go to my curretn lender and and to be reviewed? I dk how it would technically work, maybe I would need to be approved for a new auto loan that would pay off the old one, I dk, but I would like to stay with them.

[sccredit]

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@tufa4311 wrote:

Could I just go to my curretn lender and and to be reviewed? I dk how it would technically work, maybe I would need to be approved for a new auto loan that would pay off the old one, I dk, but I would like to stay with them.

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In my experience most lender will not refinance their own loans and most will not adjust the interest rate.  That being said, it does not hurt to make a phone call.