2007-02-13 22:18:52 · 3 answers · asked by popthehop 1 in Cars & Transportation ➔ Buying & Selling
Sure, assuming you have enough equity in the car to pay off the current loan. Most cars depreciate so quickly that the amount of the loan is higher than the value of the car. However, if you have a car worth $12,000 and your loan is $10,000, then you can re-finance the car and pay off the current loan.
2007-02-13 22:29:26 · answer #1 · answered by pvreditor 7 · 4⤊ 0⤋
I did
bought mine and got $1,250 bonus to use the dealer's 'home'
vendor - had to keep it for 3 months - then refi'd
went from 5 years to 4 years - and saved another $1,747
it can be done - check with your bank or credit union
2007-02-13 22:28:23 · answer #2 · answered by tomkat1528 5 · 0⤊ 0⤋
You can refinance a car but normally it's not worth it unless you have a big lump sum of cash to give down in order to get the payments down. But the answer is YES.
2007-02-14 01:05:21 · answer #3 · answered by rob1963man 5 · 0⤊ 1⤋