Refinancing!

[Whitneyy]

Heyy, first time posting on this side of the forums.

I brought a 2013 chevy spark last October 2013 after an auto fire on my other car. It was my first time buying a car, and I just needed one ASAP to get to and from work without any issues. But my interest rate is SO SO HIGH! (14% EEK!) I can still afford it, it's just like really? I'm paying THAT much interest? When would be the ideal time to refinance for a lower interest rate? My car is currently financed by a credit union. I have never been late in payments, and I'm actually always one month ahead. What do you recommend?

Thank you. 

[pizzadude]

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@Whitneyy wrote:

Heyy, first time posting on this side of the forums.

I brought a 2013 chevy spark last October 2013 after an auto fire on my other car. It was my first time buying a car, and I just needed one ASAP to get to and from work without any issues. But my interest rate is SO SO HIGH! (14% EEK!) I can still afford it, it's just like really? I'm paying THAT much interest? When would be the ideal time to refinance for a lower interest rate? My car is currently financed by a credit union. I have never been late in payments, and I'm actually always one month ahead. What do you recommend?

Thank you. 

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If you're at 14% there's never a bad time to refinance.  Get out from under that rate as quickly as you can.

[Remember0]

Let's start with some info.

What's your FICO score(s)? Which bureau(s)?

Current amount owed on loan?

Current NADA Retial value of car from NADA's website?