Does anyone know if a bank will refinance an auto loan if you only have 2 years remaining and at a lower interest rate?

Similar questions: bank refinance auto loan years remaining lower interest rate.

Probably not The answer is probably not. The way car loans are structures, you wind up owing more money than the car is worth throughout the entire loan. A bank will not refinance the loan.

There are car loan companies that may refinance your loan, but they operate in a gray area, and most of the time the interest is quite high. They try to lower the payments by extending out the length of the loan, Your only other option is to buy a new car and try to fold in your current loan by trading in your current car. You can also walk away from your car, but it ruins your credit.

Other that these options, there's not much you can do.

1 It depends upon the bank. Ask them. This user has been banned from Askville.

2 Your bank might not, but another will...That's the beauty of competition in a capitalist society...

Your bank might not, but another will...That's the beauty of competition in a capitalist society...

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Where is, best bank to get student loan with low interest/orig fees when federal loans arent available.

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