Loan

how soon can you refinance your car loan?

i only just bought a new car a few days ago and got what i thought was a good interest rate from the dealership. it was my first time buying a car so unfortunately i wasn't reliable 100% what i was doing.


You can refinance your car loan at any opportunity you like. It's okay if the loan the dealership arranged for you goes through and you refinance after they fund.


Without prevailing into your blog and just answering your question....you can refi as soon as you owe LESS then the car is worth AND as protracted as you qualify for a loan, period.

If you're upside down on a car loan, and someone else totals your car, how does the insurance work out?

Hypothetically, say I'm cruising along and someone plows into the back of my car- their criticize. They have insurance and I do as well. I'm uninjured, but the car gets totaled. I owe $7000 on the car, but it's only worth $5000. Wouldn't it be the


Contrite. When a car is damaged / totaled the insurance that pays the claim, no matter which party it is representing is ONLY apt for the actual cash value of the car at the time of the accident. If that is not enough to pay off the outstanding balance


You pay the characteristic, The accident may be there fault but poor financial decisions on your part is not their fault.

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Tool #1: The Simple Car Loan Calculator

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