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To refinance or not?

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Old Jan 8, 2009 | 01:31 PM
  #1  
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Rachel Bilson
 
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From: South Bend/Walkerton, Ind
Default To refinance or not?

Should I refinance my current auto loan...its at 9.25%? I have been making payments for about a year and half.
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Old Jan 8, 2009 | 01:40 PM
  #2  
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what could you get it down to?
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Old Jan 8, 2009 | 01:55 PM
  #3  
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I was thinking of doing that with mine...
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Old Jan 8, 2009 | 01:55 PM
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What's the principal and the terms of your loan now? credit improved?

btw: New car rates are way lower than used car rates.. Dealer incentives FTW!
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Old Jan 8, 2009 | 01:59 PM
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I was wondering the same thing. My wife has about the same percentage rate on her loan and has been paying on it for 2 years in April. Since purchasing the car her credit score has gone way up though since we've purchased a house and done some other things. She currently pays an extra $100 a month on her payment, so she's already on track to pay it off early...

Last edited by R_Squared; Jan 8, 2009 at 02:00 PM.
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Old Jan 8, 2009 | 02:04 PM
  #6  
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are you upside down with equity? I am and there is no way in hell I can re-fi right now.
if your at break even or ahead a little then hell yeah, at least talk to a mortgage person to go over some options.
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Old Jan 8, 2009 | 02:19 PM
  #7  
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Rachel Bilson
 
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From: South Bend/Walkerton, Ind
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I owe a little under 11grand on an 06 galant....I will probably be throwing a 1000 onto the loan during refinance


253.62/mo. about 53 months remaining
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