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turbocomppro OP t1_jabj0h3 wrote

Reply to comment by kthxtyler in How does outside financing work for auto loans? by turbocomppro

Thank you. Yes, I do believe that’s what I’m planning to do is refinance once I have the car. Unless somehow the dealer can give me a really competitive rate…

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kthxtyler t1_jabkt3z wrote

If you go that route, be sure to read the terms of refinancing. In essence, a refinance means someone else (another lender) pays the car off to give you better terms. Unfortunately, the car being paid off sometimes comes with penalties from your original lender - fly by night dealers will do anything to take advantage of these kind of things to make $

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turbocomppro OP t1_jac4jey wrote

Will do. Thank you. Hopefully they’ll just give me a good rate to begin with so I won’t have to go through all that…

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