Megatron

iTrader: (2)

Do you have to wait up till a year on your current car loan to re-finance? Or could you do it at anytime?

SSZVirginia

iTrader: (1)

You can do it anytime but check your note for a pre-payment penalty.

SteveZzz

Most car loans are simple interest and you should be able to re-fi at any time without a penalty. We financed ours for 5 years, and then paid it off about 25 days later. Our only finance charge was for the days we used the money, about $90 total.

Megatron

iTrader: (2)

I want to re-fi, because after seeing everyone else interest rates, I figured I could get mine lower. I was so exicted about getting my z, last sept. that i didn't do any research on loans. I just took what the dealer gave me. With little hagging
SteveZzz
I know i would not be able to pay loan off in the next 25 days. So i am looking for re-fi without a penatly. Also by re-fi will this count against your credit report?

SteveZzz

No, it won't impact your credit, assuming you're making payments on time. It will show you took out a loan, made payments, and then paid it off early (that's fine). Then the new loan will show up.

It's just like refinancing a home. You're doing it for a better rate. Again, as long as it's simple interest, you'll shouldn't have any hidden charges for the early payoff.

4myZ350

iTrader: (-1)

Igot 36000 at 645 month what are you all paying black enth. auto.

SSZVirginia

iTrader: (1)

Unless your interest rate was very high at origination, you will have a difficult time getting a lower interest rate on what is essentially now a used car.....

Megatron

iTrader: (2)

i got touring 6.29 intrest. 478

TheJudge

I got enthusiast (29,800) Put 3,500 down and financed 26,000 at 4.09 APR. My payments are 480 for 60 months.

I kinda hate having a bigger car payment than rent payment, but I can't help myself, I love cars.

-J

yobri

iTrader: (2)

Holy Moly! Your rent payment is lower than $480/mo? What is your rent payment? What do you get with that?

Pardon my amazement, but rents in Cali [Bay Area] are generally more than double that price...