2007-08-14 03:29:12 · 2 answers · asked by TD 3 in Cars & Transportation ➔ Buying & Selling
You can refinance with a lower interest rate. Call your bank and see what they can do. Just so you know - if you refinance it, it is possible that the time you will be paying on the car will be longer.
2007-08-14 04:23:46 · answer #1 · answered by tlk0408 4 · 0⤊ 0⤋
Only way to get a lower car payment is to re-finance it.
Basically you're taking out a new loan to pay off the old one, and agreeing to pay based on the new loan terms. So to lower your car payment you could either... Get a lower interest rate if you qualify, or extend your payment terms (ie if you only have 3 years left on your car payment , extend it out to 5 years) This will help lower your monthly payments, but you'll be paying more interest as the time of payment will be extended out.
2007-08-14 03:46:49 · answer #2 · answered by hsueh010 7 · 1⤊ 0⤋