2007-02-17 03:58:53 · 7 answers · asked by lesblondegirl 1 in Business & Finance ➔ Credit
no as a sales and finance officer its better to wait 13 months because it wont show on your credit report till after 12 months of making payments.
2007-02-17 04:03:33 · answer #1 · answered by bigizz75 4 · 0⤊ 0⤋
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2016-09-26 09:36:06 · answer #2 · answered by Melani 3 · 0⤊ 0⤋
That depends, if you are financing through a buy here pay here lot? Then yes you should refinance since 90% of them do not report to the credit bureaus. If you are financeing through a bank you should wait until at least 12 payments show up on your credit this will show whoever you refinance with your ability to pay and will get you a better intrest rate.
2007-02-17 04:10:18 · answer #3 · answered by ? 7 · 0⤊ 0⤋
No, it is best to pay off the car and then buy a new one. This is the best way to build a good credit history. I have made the mistake of buying and trading in cars for the last several years. Now, I am paying too much for a car and I am upside down. It is best to pay a car off before moving on. Hope this helps!
2007-02-17 04:07:44 · answer #4 · answered by Red Princess 1 · 0⤊ 0⤋
Only if you can get a better interest rate. If you are paying the dealer, that isn't the best way to build credit and yes you should refinance in that case.
2007-02-17 04:02:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
My sister married terrible credit, it resulted in divorce. yet your guy feels like a dream. most of the main financially conservative human beings i know, had to get burned as quickly as like they went by a financial disaster or foreclosure. he's taken some incredibly super steps: a million. he's on a money only weight loss software 2. He desires to steer away from all debt sooner or later 3. he's specializing in paying down each little thing You did no longer point out how lots he has in credit card debt or how lots he has in student own loan debt. you're able to take the two volume and upload them jointly then divide them by ability of 18 months. Can he have the money for to make those money? i does no longer help him out financially nevertheless, you are able to help out with companion and infants expenses, yet any money which you have that's a surplus, you're able to shop it for your self. somebody needs to have an emergency fund. Eighteen months is a protracted time in a relationship and that i do no longer know the two of you. What occurs in case you're making a contribution heavily to paying off his debt and the relationship ends in the past you the two get married? How would you experience approximately each and all of the economic help which you have have been given given him. you will by no ability get repaid, in case you provide him any money in any respect, it is going to be seen a present day.
2016-11-23 15:01:15 · answer #6 · answered by crowner 4 · 0⤊ 0⤋
It will put another credit inquiry on your credit report, so it could actually cause your score to go down a few points. It may still be worth those few points if you have been making payments on time and can qualify for a better rate. You usually want to save one to two percent minimum to be worth it.
2007-02-17 04:03:35 · answer #7 · answered by Brian G 6 · 0⤊ 0⤋