auto loan rates

January 6, 2011

Georgia Car Loan Refinance Rate

David K. Volkens asked:




All car owners know that car loan refinancing gives them a great possibility to pay less for their car loan every month. The functional concept is simple: one gets a cheaper loan to pay for the old more expensive loan. Car refinancing in Georgia can be accomplished easily and fast. There are a number of good offers which let clients choose the alternative that fits them best. Most of the companies provide good rates no matter what credit history their clients have.

The recent average car loan refinance rate in Georgia is about 6.80%. It might differ subject to the bank that you choose, the city or the time because the rates always change after a while. In general the rates vary from 5% to about 11% in all the cities of Georgia while in Atlanta, its capital city, they vary from about 6.7 to 10.5. One can see the tendency of reduction in rates because only 6 months ago average car loan refinance rate in Georgia was about 7.3%. All this data is provided for 48-month basis, but the rates usually don’t change much or don’t change at all if the payment period of the loan is shorter or longer.

Car loan refinancing in Georgia is a very awarding undertaking for any car owner since there is a great competition between the companies that offer such services in Georgia. The prices for most of the new cars get reduced pretty fast and some banks have special offers for their clients almost every week. This way one can get a lower refinance rate just in a couple of months.

Sam

June 9, 2010

Does anyone know how possible it would be to refinance an auto loan when the auto loan has an?

heather_ernst08 asked:


I don’t know if its possible to refinance my husbands auto loan if his auto loan has an attached loan. He recently needed a loan and the only way they offered him a loan was to refinance his auto loan and it left him with a high interest and such so is that still possible for refinancing? And if it was just refinanced for the additional loan just back in may is it possible to refinance in july for lower interest rate or is refinancing to close together bad? And if the bank that has the loan right now if they have lost the bill of sale and owner documentation does that make it impossible for me to refinance the car? thanks.

Sara

January 20, 2010

Auto Loan Refinance Question?

skiairplane asked:


My credit union approved me to refinance my vehicle for 3 years at 2.9% for a max of $25, 750.00. I owe $29,000.00. I will have to come up with the difference of $4000.00 which I only have $1000.00 of. I can take it off of one of my cards at 0% interest till 2010 and pay it off in 3 months. My question is is that wise? My current rate is 7.9% on the vehicle. When I bought it a year ago my score was much lower then it is now. Any thoughts?

Marjorie

October 22, 2009

How long should I have good pay history on a auto loan to try to refinance?

missjuly15 asked:


I have had bankrupcy and repo in the past 5 years. My credit score now is 620 and they have me at a 15% interest rate. I had to have a car. My old one had over 200,000 miles, was 13 years old and was in need of major repair very soon. My payments right now are doable, but eventually I would like to refinance for a lower rate. My credit history since all those issues has been fine. How long should I wait to refinace? I have heard everything from 6mth to 2 yrs. Also when I do, do I have a better chance of going through the same company? AND…..should I try to pay a little more every mth now to pay off some of the interest or how does that work? I got the car for about $3000 less than bluebook price, so I got a really good deal.

Tyler

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