“You shouldn’t have any problems with this arrangement. In actuality, you don’t even have to wait four months to refinance.
Unless your loan contract specifically
states that you need to wait four months or there are prepayment penalties
, you should be fine to refinance whenever you want.
Before agreeing to the car loan
, review all the terms and conditions. You’ll also have to budget for car insurance
on this loan, so make sure to factor that into your monthly pricing.
Full coverage can be pricey, especially if you use the lender’s insurance, but you can save money by comparing rates. Jerry
does all the hard work for you, pulling quotes from the top 50 companies and delivering the best deals to your phone in minutes. Jerry even does all the paperwork for you so you can just relax and enjoy your new car.”