When would it be an ideal time to refinance a vehicle after purchase? Generally, I've heard a year, but could it be done sooner?
2007-01-30 05:25:04 · 2 answers · asked by Neosamurai 1 in Cars & Transportation ➔ Buying & Selling
Probably after 2 years.
The carpayment amount varies in percentage of how much goes to principle interest and how much goes to the actual car value.
After 2 years the percentage becomes favorable within your loan (invisible to eye) and that is why usually most people recommend that.
2007-01-30 05:33:44 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
depends upon the credit and rate you have now? if you barely got the loan, you should pay on it a while to show a record, if your credit is great you can refi at anytime, these sites offer refi's
http://www.carsdirect.com/home
www.capitalone.com
2007-01-30 08:42:23 · answer #2 · answered by kpotter47 3 · 0⤊ 0⤋