Automobile Finance Deals
Is it possible to refinance a car?
I just bought a car, and did not have a good deal because the dealer mentioned the fact that i have not finance a car before…(i had purchased most of my automobiles outright cash) even when they saw i am a homeowner for 4 years going and, never late in my mortgage payment, my FICO Scores (two of them 710 & 719). i got Annual % rate of 3.90 and finance charges a downpayment of $6k, i love the car so i really was not in a position to walk away,
To be honest, it will be difficult to find a non Manufacturer lender that would offer you 3.9%. Unless you were going through your credit union and reducing the contract term, you won’t find much better than 3.9%. Good luck and I hope this helps.
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