I want to refinance my car. How do I?

Question

I have a toyota scion xb 2006. I got it in May. My step-father signed for it with no down-payment and I am the co-signer. I was to re-fi under my name with a lower payment but I don't want to extend my contract, just lower the interest. I'm paying $410.00 a month. I feel like im getting ROBBED!!! What do I need to do this is my first car, I got my license at the age of 18, im 20 now.

Answer 1

Ask your bank if they're willing to do this. Some do, some don't. Without knowing the terms of your current loan it's not possible to say if you are bing "robbed" or actually have a pretty good deal.