refinance

[Anonymous]

anyone know how long you should have a loan before you apply to refinance it?  i really need a lower car payment to get the home i want so if i have to sell it I will!!!!!!

[Anonymous]

I refinanced after six months when cu had a good promotional rate.  You should refinance at your earliest opportunity.

[Anonymous]

ok so it doesn't matter that i've only made 3 payments on it?  same thing here cu is offering excellent promotional rates for the grand opening. i have no late payments on anything

[Anonymous]

They will probably make you take care of the negative equity (if any) as part of the loan process which should be easier in the early months of the loan.  My impression of the process was that their only concern was that I qualify under their lending standards and only needed to finance 90% of the current value of the vehicle.

FYI, the total cost of my loan went from $30,000 to $22,000, so it's worth a try; my interest rate went from 10.35 to 4.15.