Diva

How can you change your current car loan with a bank to another bank?

I am wondering if there is a way to change my current car loan with a bank to another bank with better loan rates??
PLease any help…

...asked on June 20th, 2011 @ 1:00 am in Loan - Auto

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Have your new bank payoff the loan with your old bank.

...answered by melville tiger on June 20, 2011 @ 1:15 am


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Just go to the new bank and ask to refinance your existing car loan. They will then payoff the current existing lien holder and place themselves as the new lien holders on your vehicle registration. Credit Unions sometimes offer lower loan rates than banks. Check around

...answered by joelandap on June 20, 2011 @ 2:00 am


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you can’t refinance a car loan – chances are until you have about 15 payments left on the loan, the car is worth less than the loan balance and you probably wouldn’t save more than a couple of dollars a month anyway – you wont get much different of a rate

...answered by Doctor Deth on June 20, 2011 @ 2:54 am


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You would have to refinance the loan.

...answered by engineer50 on June 20, 2011 @ 3:28 am


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As one other person has said probably better and easier (less time consuming/less money) to just finish paying it off at your current bank.

...answered by sasil85 on June 20, 2011 @ 3:44 am


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