I have an auto loan with GMAC my payments are really high, how can I decrease my payments, is refinancing the?

I have an auto loan with GMAC my payments are really high, how can I decrease my payments, is refinancing the answer and can I refinance with GMAC?

I have an auto loan with GMAC my payments are really high, how can I decrease my payments, is refinancing the?
Have you tried searching on the net. There are a lot of lenders advertising here and you may find one that suits your circumstances. You might be looking at a consolidation loan.
Reply:I think these are some useful sites: http://autoloanguide.automobil... Report Abuse

Reply:You can call GMAC to see if you can refinance. You can also do a search on auto refinancing.
Reply:Sell the car, and start over. If your a home owner, you can refinance your home. Mortgage rates are way lower that car loans.
Reply:Yes you can refinance with gmac. Sometimes depending upon your payment history, they will get you a better interest rate which will really make your payment go down. I would personally shop for a better rate with companies other than gmac.
Reply:(a) refinance, (b) get someone to take over the payments, (c) sell the car. Good Luck. J-W-M-U
Reply:I am in the process of refinancing my car loan myself. I went to lendingtree.com and had 4 offers come back, 3 of which were completely absurd and the payments higher than what I have now. The 4th one was lower interest, lower payments, and lower term, and with an actual bank, not some finance company like GMAC.





Also try talking to GMAC. They may allow you to refinance if you meet certain criteria, but I would suggest looking elsewhere as well because you may get a better deal.