Should I get a car loan through by Audi dealer and then refinance in a few months?

"I want to buy a Audi Q3 through the dealer, but the interest rate is 9.49%.

The salesperson said I can refinance in six months to get a better rate.

Should I get this car loan and then refinance later?"

Answer provided by
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Eric Schad
Answered on Jun 17, 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.
“Car salespeople are notorious for shooting down your concerns about financing—primarily because they can get commission when you finance through the dealership.
If you have good credit, don’t sign this deal, as 9.49% interest is outrageous for those with an above-average credit score.
Instead of going through the dealer, compare rates with banks and credit unions. You should be able to find a rate that’s roughly half of what the dealership is offering you.”
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