Car Loan

How much will my interest rate go down after i refinance my car loan?

I bought a car 2 months ago and the dealer told me that i can refinance my loan after 7 months. my current interest rate is 12, what will it be after i refinance? help!! i live in ny if that helps

Answer

I think the dealer was pulling one on you. contact your bank for their latest interest rates. 12% interest for a car is high.

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