Consumption and Real Estate
Recent drop in interest rates – can I refinance my auto loan?
Question : Recent drop in interest rates – can I refinance my auto loan?
Given the recent drop in interest rates, I’d like to look into refinancing my auto loan. I have a 2004 F-150 and I’m sure I own more on the truck than it’s worth….will I be able to refinance with a better new rate?
Thanks!
refinance loan rates
Best answer:
Answer by azohawk
call your lendor and ask them.
You won’t get a refinance for anything more than the current value of the truck. You COULD refinance if you could come up with the difference between what is owed and the value of the truck, getting a new loan only for the truck’s value.
Good luck.