cancel
Showing results for 
Search instead for 
Did you mean: 

I can re-fi a 3 month old loan.

tag
Anonymous
Not applicable

I can re-fi a 3 month old loan.

Because....
a.) Its my 1st car loan.

b.) Ive only had credit for 2 years.

.......................................Make sense? B of A is my loan for my car. This sucks!...9.2 ....I should be at 6.4% ....eeewwwww.
Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: I can re-fi a 3 month old loan.

Yes, you can, and depending on what you're offered, you might save a ton of money. Watch out for fees though.

Back when I still did debt, I got a crappy finance deal through the dealership - within a month I rolled that into a credit union loan with a dramatically lower rate. Within another month I found an even better deal and rolled it again, all with no fees. As I recall with the two moves, my interest rate went from ~13% to about 5.9%. Not bad.

Of course, the ultimate would be not to finance the car at all, but to pay for it in cash. But I'll save that for another post. Smiley Happy
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.