I’ve seen a few questions on this subject, but not exactly my situation.Bought a used vehicle using Roadloans. (2003) I’m almost a year into the loan and it’s in perfect standing. My credit score was good then, it’s better now. (750)
I’m paying around 10%. Seems pretty bad. What I’d like to do is refinance with a company to get me down a few points, but it seems like I’ve read that some will only refi newer cars. That seems odd, as most smart lenders should want to take over a loan in good standing. So, I’m wondering if anyone has done this with a car a few years old? I’d like to keep it a "secured" loan, meaning that I’d prefer not to just take out a personal loan at a lower rate. I’ve found that keeping a mix of debt types keeps your credit score better. (A car loan being a secured loan, in theory as opposed to revolving or installment.) Thanks!
Would love advice from those who may have done this and any specific companies, or just anyone who is versed. I’m in LA, CA.
