I have poor credit but was able to get approved for a new car (about $17000) in January. Of course the interest rate is terrible (18%) and I would like to refi the loan. I have been able to establish other good credit since then and have had only one late payment since January. How long should I wait until I try refinancing the car loan and where is a good place to go? The bad reports on my credit history start dropping next January and will be all gone by the end of 2008.
When should I refinance my car loan?
- Thread starter Lincoln C
- Start date