"Can I make changes to the terms of my car loan after I've signed the loan but before picking up the car? "

I'm starting to wonder if I made the right decision by agreeing to my new car loan. Can I still change its terms?

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Eric Schad
Answered on Apr 05, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Probably not. When you sign on the dotted line, you’ve agreed to all the terms of the loan, including the interest rate, payment date, and the length of the loan. However, you may be able to call the lender to make adjustments to the terms of the loan. In rare instances, they may allow a few changes (such as to the payment date).
If you really can’t live with the terms of the loan, your best plan of action is to refinance the loan. Keep in mind that interest rates can fluctuate. So if the interest rate goes up, is it worth it? Only you can answer that question, but it’s something to keep in mind if you want to refinance to change the terms of the loan. “
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