Refinancing Cars
Companies that just focus on refinancing cars are huge bottom feeder companies. They are the loewest of the low. In most cases, they are trying to take over your loan and really make you pay more money. Most of their clients either have bad credit or are having money problems. That’s why most people refinance cars anyway. These lender preying on people who are having a rough time. In affect, making their situation worse.
Here is some ammo for you if you want to refi your car:
1. Credit Scores: They actually can clobber you. A low score means no one wants your business and your insurance will be a little higher.
2. You don’t need an appraisal to refinance your car loan. Some lenders will charge you a $200 few for some one to look in a blue. Tell them to kick that fee out or no deal!
3. Own a Home?- Try to roll your car loan into a home equity loan. The rate will be competitive and played right you can deduct the cost of the interest.