How do I refinance my auto loan?

Shouldn't a credit score of 626 and a DTI ratio of .19 recieve a better interest rate for an auto loan of 14,700 for 60 months than 11.9%? I've had my credit pulled so many times trying to get this car im afraid of where its at now. I wan't to refi this car. I got my first car with NO credit at 14% a year ago. What do you think? Any finance people out there? My gf's dad is in a mortgage firm but he's very biased and I don't like asking him a lot of things about this. He says i should have gotten a used car. But that's beside the point. What steps can i take to refi my loan and what rate do you think I can be at? Thank everyone beforehand

How do I refinance my auto loan?
Auto finance is what I do for a living and 11.9% for a 626 score is actually a pretty good rate.





You might try your local bank or credit union.
Reply:You should concentrate on getting it paid in FULL. Your credit score doesn't matter when you don't have or use credit.





At $14,700 for 60 months with zero interest, is $245 per month. You are paying around $326, so you're paying that much each month for the privilege of driving this auto. You're renting money for $81 a month. That's over $4860 over your 5 year loan (nearly $4900 in finance charges).





Let's say you had a rate of of 5.9, you'd still be paying $284, which is a far cry from zero (if you had paid cash).





Poor people incur debt, saddle themselves with interest, fees, and charges for things they could of saved up monies from your pay. Pay cash for your cars, build wealth, live within your wage.





Amazing.
Reply:Talk to the people where you have the loan.
Reply:Most banks no longer offer car loan refinancing. Try a credit union (if your car is fairly new) or your current lender.
Reply:well when i got my first car it was brand spaken new only 1 mile on it it was over 20,000 i had absolutely no credit i got it for 11% i had it for about 2 months traded it in got a used car at 8% it just depends on where u the car from and where its financed thru so what u can do is call or go to the place u got and find out who they financed thru then call them and ask or u can also get a loan from ur bank to pay off the car and banks usually have lower% rates then u just pay the bank back (i would do that if i were u) when u refinance u have to start ur 60 months over again so say u only have a year left to pay u refinance and it jumps back up to 5 years good luck
Reply:You can take care of it online.





Check out http://www.refinancingyourvehicle.com/

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