Question by : how to get a lower interest rate on my vehicle loan?
I finance a 2004 mustang gt and I am down to 5000 dollars on the loan the interest rate is 27% I am paying 310 a month. I know it will be hard to refinance. I just want to know if there are any possibilities out there for me my credit score is a 614 it went up 20 points since I initial finance the vehicle.
Best answer:
Answer by Joey
It shouldn’t be challenging if your credit is that great. Go by means of your bank for the re fi. Or if your insurance agency is also a bank. Familiar customers get a good rate. Ask around, whats the worst that could take place? They say no?
Know better? Leave your personal answer in the comments!
Refinancing Loan: Get Lower Interest Rates Right now When You Read About Mortgage Refinancing, Property Equity Refinancing, And Student And Car Loan Refinancing Possibilities
Do you want to learn the pros and cons of refinancing your loans? Would you like to take advantage of refinancing to possibly get a lower interest rate and lower monthly payments? Are you interested in making use of the economic strategy of loan refinancing, but want to understand more? Then this book is for you! Refinancing Loan explores the pros and cons of refinancing, specifically in regard to how considerably time is left on the loan or mortgage. It offers you guidelines and practical advice about whether refinancing w
Price tag:
your credit score is still to low-WOW-27%- You could try but in the mean time try to pay off this loan as soon as possible.
see if you can get a personal loan for less than 27% than pay the car off
You can’t. Your car is worth no more than $ 2,000 and you owe $ 5,000 which means you have no collateral. No one is going to give an unsecured loan to someone with a 614 credit score.
You had to be royally screwed when you bought the car but that’s history.