Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

I paid a bit over bluebook value for my used truck because it was in exceptionally good shape and I don't have the credit to be picky. I would like to refinance in a year, but I'm concerned that the banks won't refinance me because of the value of the truck vs. the amount of the loan. Can anyone give me some advice?

Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

Next year when you go to try to refinance, the bank will look at the Retail Loan Value of your truck, not Blue Book. If the 'loan-to-value' is acceptable, they might approve the loan. If not, they might require a down payment. Good luck.

Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

Very interesting question. We have Brown Books for our Camel Trade, it seems very similiar to your Blue Book for motorcars in some respects.

Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

Kelly Blue Book is not the best source for the worth of a vehicle, but to answer your question, banks will usually loan 80% of the worth of a vehicle, so if you are top heavy on what you owe, chances are they would not, especially if your credit is not the best.

Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

You are stuck! Maybe you can fool someone to refinance youur truck for more than it is worth. Next time do your homework on the truck and NEVER BUY A VEHICLE THE SAME DAY YOU SEE IT.

Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

I have tried it myself, here is some good informations.http://loan.online-supporthome.info/cons...

Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

Hi

I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of even with a bad credit. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address charles_lenders@yahoo.com Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.

Thanks.

Deborah Kirk