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| *Loan,banking and credit>>>auto loan |
How many times can you refinance auto loan? |
How many times can you refinance auto loan? As many times as your bank allows. As many times as your financial institution will allow over the course of the loan. Most don't want you doing it more than once a year - but it also depends on the amount involved - and your payment amounts. You can refinance as many times as you want, however that is impractical for the following reason. 99% of the finance companies charge you the interest up front before you pay the balance or the "principal" of the loan. So if you transfer loans frequently you will *ONLY* pay your finance premium and not the actuall balance/principal of the loan. Be carefull and try to only re-finance once. Cars are impractical for multiple re-financing after a period of time not only because of depreciation but cost of lending and the above issue of how loans are funded and paid by your lenders. As many times as your bank will allow. it depends on where you have your loan. They would make that decision. |
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