Okay so purchase price = 26,000
Loan at 23% for 72 months(6years)
If I refinance after 1 year. Am I refinancing all of that 23% intrest, or just the principal balance?
Auto Loan 26,000 - 72 months-23%, if i refinance...am i refinancing 26,000 or 50,000?
You must have some terrible credit to be paying 23%. If you are able to refinance, it would be for the balance of the loan ($26,000).
Auto Loan 26,000 - 72 months-23%, if i refinance...am i refinancing 26,000 or 50,000?
You will be refinancing a balance. It dosent sound like a very good deal. Usually cheaper to take out a loan from a bank that to finance usuing a car company.
Auto Loan 26,000 - 72 months-23%, if i refinance...am i refinancing 26,000 or 50,000?
There are many auto loan options available today. Today, stiff competition among auto loan financing companies%26lt;!--has made it possible to get a car loan or an auto loan at favorable terms.
http://best-loans.awardspace.com/autoloa...
However, before you sign the paper for financing your favorite set of wheels, do your homework to ensure that you get the best car--%26gt;finance option. You can apply for online car loans on the Internet, or get it from your car dealer.
Auto Loan 26,000 - 72 months-23%, if i refinance...am i refinancing 26,000 or 50,000?
You must be crazy to sign that deal...23% for 72 months?? You will only have to refinance the balance of the loan...make sure you pay every bill on time for the next year to improve your credit rating...you should be able to refinance at a lower rate...you couldn't possible do any worse than what you already have.
Auto Loan 26,000 - 72 months-23%, if i refinance...am i refinancing 26,000 or 50,000?
Whatever the payoff is. It'll be your principal balance, and depending on the finance company their could be pre-payment penalties you may have to pay. But no, you won't refinance $50,000.
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