Well my husband and I recently just bought a car. I was looking into refinancing but would like some input from people who really know about this. We basically recently established credit and have a high APR rate and we would like to know if its worth refinancing.
You should call and talk to the finance company or your local bank or credit union. Unfortunately, right now cars have dropped so much in value that your probably owe much more on it than it is worth, which makes it undesirable for a bank. If you put down a down payment you might not be in this situation. Usually banks will only finance 10% more than the car is worth, however, they are not as likely to do even that these days. First step is to call the bank or finance company that it is financed through though.
Hi, you just enquier about the APR with oher banks or financing center. If the difference comes more and could save, u go ahead and refinance, if it comes within 5 dollors, i don’t think it is worth.