How do I get a lower interest rate on my car loan?
I got a car loan with a 10% interest rate because I was desperate for a vehicle and had no other options. Now I want a lower rate. How do I get one?
It is possible to refinance an auto loan as soon as the title has properly transferred, but this usually only works for people with good credit. A better plan would be to make on-time payments for several months and then think about refinancing. You can usually expect to lower your interest rate around two percent on average by refinancing an auto loan.
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