how long should i wait to refinance my car? bought in june 06.?

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how long should i wait to refinance my car? bought in june 06.?

my current rate is 11% only because im in the process of cleaning up my credit...so im thinking i could get it down to 8% but how long should i wait to refinance? 3 months...6 months?

2006-07-20 07:54:23 · 2 answers · asked by MsNic 4 in Business & Finance ➔ Other - Business & Finance

2 answers

when i got my car i had to get dealer financing to get it off the lot. in two weeks time i had refinanced for almost half my previous interest rate

2006-07-20 08:03:29 · answer #1 · answered by HUSTLER 4 · 0⤊ 0⤋

I would refinance as soon as you know you'll get a lower rate. Right now you are mostly paying interest.

2006-07-20 14:58:50 · answer #2 · answered by Molly 6 · 0⤊ 0⤋