Can you really refinance a car loan?
How long do you have to wait before trying to do that?
2007-02-17 05:53:33 · 2 answers · asked by ~*~*~*~*~*~*~*~ 6 in Business & Finance ➔ Renting & Real Estate
This doesn't have anything to do with real estate. However, I've done it in the past and the answer is, Yes!
On several occastions I've allowed the dealer to gouge me on the finance rate in exchange for a lower purchase price -- often below dealer cost -- and then turned around and re-financed the note even before taking delivery.
Dealers get REALLY bent out of shape when you pull that, but it's completely legal. Just let your bank or credit union know what you're doing and get pre-qualified. If you have a close working relationship with them they may do that without pulling a fresh credit report as that would tip off the dealer if he was paying close attention to the details.
2007-02-17 06:01:21 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
A car is already worth next to nothing by the time your done paying, why would you want to extend that?
2007-02-17 06:54:14 · answer #2 · answered by frankie b 5 · 0⤊ 0⤋