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How Soon Can You Refinance Your Car Loan?

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Wait three to six months after buying your car to look into refinancing your auto loan. The more payments you make, the better your credit will be when you apply for a refinance car loan. Refinancing can save you hundreds to thousands of dollars over the life of the loan.


Confused or unsure about some of the car loan terms used in the article? Click here for our Auto Loan Glossary.



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Comment By: R Vowles on Wed, May 20 2009 at 11:38 PM
Hi, I've just been turned down by two banks to refinance my auto loan. I'm paying 20.5% interest and took the loan out 9 months ago, never missed a payment, in fact I was paying double with some extra down when I could. I don't know where to turn. Out of bankruptcy since Sept 07. Do you have any ideas?
Comment By: AutoLoanDaily.com on Thu, May 21 2009 at 11:29 AM
R Vowles,
I suggest visiting http://www.myautoloan.com. They are a licensed lender and specialize in refinancing. They send your application to many banks and show you the 4 best offers. Try applying with them online and if you need any more help, let us know.

Check out our featured story on refinancing, http://www.autoloandaily.com/loan-news/featured-articles/1356-refinancing-a-car-loan-can-save-money-and-improve-credit. This story gives more in-depth information about auto refinancing.

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