I financed a 2012 Hyundai Genesis from Credit Acceptance.
Was 23 whenever I brought the car. Currently 24
The following are the terms of my loan:
Amount: 23,429 est total cost, Principal of 13,240 & est total interest of 10,189
Interest: 22.97 est APR / I pay 355 monthly personally rather than the estimated required amount
Loan Term: 66 months
Down Payment of : 3,000 exactly
I have paid 11 installments on time and was wondering if it would be a possibility to refinance this loan at a lower rate of interest. My current credit score is 645 between two credit card reporting agencies.
So far by checking my current loan on Credit Karma I see that I have 1,156 in total but this interest is killing me i'm pretty much moving in slow motion.
If refinancing is a possibility, what is the best way to go about it? Would the request to refinance result in a hard check to my credit score?
Thanks!
Submitted October 13, 2018 at 04:40AM by MetroBooling https://ift.tt/2CedKCb
