How long do you need to wait to refinance a Honda?

"How long should I wait after purchasing a car to refinance? I just bought a Honda Fit but I noticed that I might have paid too much on my rate."

Answer
“There are no stipulations on when you can refinance, so the answer is as soon as you want. You’ll need to bring many of the same documents for the refinance that you brought for the original loan.
The only thing you need to do first is to make sure there’s no penalty for prepayment on your original loan and that there aren’t any fees associated with the refinance.
If there are fees, you should weigh those against how much you’d save from paying less interest to decide if the refinance is actually worth it.”
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Eric Schad
Answered on Jul 28, 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.
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