absolutely, your paying almost 8% less interest. Still way too high but better for you in the long run. keeping the interest at 17.9 will make you pay higher payments longer while refinancing will give you lower payments possibly for less time depending on the financial institution you go with.
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
I wouldnt even consider a car loan greater than 8-9% anyway.
U must have been desperate.
Btw, there are a huge amt of legit dealers (at least in USA) where u can get good under10% carloans...no matter how bad your credit is.
And thats been the way it is for 30+ years or so. Report It
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
yes just make sure you loan doesn't extend out much more!
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
depends, what is the term, how much do I have left, is there origination fees?
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
yes
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
Why not?
And 17.9% interest on a car loan? Wow, you were getting robbed. (10% ain't that great either.)
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
If you have had the loan for a long time, it probably wont save you much, as you have already paid most of the interest. If its a newer loan, than absolutely, 7.9% less will make a big difference. Just watch out for fees that might offset your savings.
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
YES. Most definitely. How?
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
I would explore another better option as interest rate on car loan are now much lower than 10%.
If you could REFINANCE you car loan from 17.9 rate to 10.0 would you?
If it doesnt extend your payment term and payment dont go up too much, then absolutely. Just read the %26quot;fine print%26quot; before doing anything.
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