Want to refinance a 2005 vehicle (in California). What's a good interest rate?

Question

Nothing's wrong with the car, "Life" just got busy when we purchased and we could not afford the time to "shop."

Now, I realize it is/was a 5-year loan at 8.5% and am looking into the refinancing.

Answer 1

First, for a use car, you might not get a better interest rate. Second, you will likely have to pay a refinancing charge. You might be better off trying to pay this off early.

Answer 2

you might want to rethink -- you have all ready paid all ot the up front money -- check and see what the pay off is == with the money getting tighter you might have the best loan west of the mississippi!!!