AUTO LOAN REFINACE

Verde · ‎10-22-2007

I bought a new car with 9.49% APR a few months ago, but my credit now is much better 727 FICO with TU 681 EQ and 704 EXP . Should i try to refinance and get a better APR? if so, how long should i wait to do that since i just started the payments?

Anonymous · ‎10-23-2007

Who is the current loan though?

Verde · ‎10-23-2007

Capital One

Anonymous · ‎10-23-2007

Have you called them up and asked for a APR reduction?

That is not a horrible rate for a used car- but for a new car you will need to find out how much it is worth now before talking to other lenders.

If CapOne says no, Credit Union would be the next stop.