"How do you refinance a Bank of America car loan? "

"My current payments are $380 per month for the next seven years. Is it possible to lower my monthly payments by $100 per month with an auto refinance loan?"

Answer
“Your first step should be to see if Bank of America will offer you a lower interest rate and then shop around at other banks.
I don’t really know if you will be able to get the payments down that low though. It really depends on how high your interest rate is now and if your credit has improved since your initial purchase of the vehicle.
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Johnny Puckett
Answered on Jul 26, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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