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How Do I Refinance Car If I Owe More Than It's Worth? |
My car is a 2006 and I have a 19% interest gait. The payment is alloted out of check, so never missed a payment. I owe 16,000 and it values for 11,000. Could I be talented to refinance, or am I screwed?
| Answer: Customarily about 6 months. But most impotanly if the rate is a lot lower then when you bought it. If you were to have bought it a month ago, but th inteist ate is about 3.5% or humiliate now then when you purchased it, I would reccomend doing it now |
If your trust score has been stable to higher over the last few years then you have a great possibility to refinance your car loan today.