I am trying to figure out how to refinance my car. Toyota financed it and my interest rate is outrageous because i’ve never had any other credit besides a credit card. I tried with my bank where I have my checking and savings and they wouldnt do it. I dont have terrible credit just limited credit so my credit score is in the low-mid 600′s. I am 22 years ancient any help at all?
I have 48 months left at $420 a month 6.75 %. If I refinance I add two years but cut over $100 bux. So it would be 60 months at $315 with a 5.90%. The truck is a 2006 Toyota Tacoma.
It has 30k miles and is in brilliant shape.
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The dealership I bought my car from was horribly shady long tale small. If I try to refinance the car a few months from now am I allowed to go to another dealership or am I forced to have to go back to where I bought it. I mean what would happen if I went out of state you would reflect they allocate it. I bought a Toyota from a Toyota dealership by the way. Thanks!
My current loan is owing to Toyota Financial. Should I go to them? Or do banks have cheaper rates? And I have seen a lot of .coms that offer car refinancing, is that safe? If anyone has any advice I would appreciate it.