Where can I refinance my auto loan with a credit score of 550 and a current APR of 9.5%?

"I want to refinance my car loan. Currently, it's 9.5% APR for 84 months. My income is around $5,000 a month, but my credit score is only 550.

Where should I go to refinance and get a lower rate?"

Answer provided by
Eric Schad
Answered on May 28, 2021
“A 9.5% APR for 84 months with your credit score is a phenomenal deal. You’re probably not going to find a place to refinance for less than that, even if you cut your loan length down to 48 or 60 months.
However, it’s worth a shot. Check with your current lender to see what they can do for you. And, like you would with car insurance, shop around online or in person to find the best rate possible.”

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies