How soon after I get a car loan can I refinance with another lender?

I am in the market for a new vehicle and I'm thinking of financing through the dealer in order to get the "best" deal. However, I really don't intend to stay with them and plan on refinancing through my own bank. My question is: how long do I have to wait until I can refinance, if at all?

6 Answers

  • 1 decade ago
    Favorite Answer

    go to the dealer tell them you are with usaa and go online and check the rates they are the lowest around but it will put the fear of god in the finance manager because he will do anything to try and beat it i know this because i m a finance manager 11 years at a dealership

  • 3 years ago


    Source(s): Instant Car Loan Approval :
  • Alright many of the people who answere this question are assuming you probably got a 0% interest rate or some other financing incentive, but I am assuming this is your first or second car you have bought.

    When you purchase a Chrysler or Ford they typically have a special rebate for financing with ford motor credit or Chrysler Financial. Sometimes these rebates are for $3000 or more dollars. Generally you can refinance at the time you drive out, and that does not affect your interest rate. If you are a credit union member they will refinance you for a similar prime rate at any time. 3 weeks, 6 months or two years. Typically I would not suggest a refinance for at least 6 months becuase you don't want a really short auto loan, and then open another. 6 months will give you that buffer. 12 months is the safer bet, and try to use credit unions because they always save you money on that small number that costs you thousands we call interest. Hope this helps.

  • 1 decade ago

    Get the best deal you can with the dealer, get it in writing and at the last minute tell them you changed your mind. You want to use your bank to finance the car.

    If they try to change the numbers on you walk out.

    You'll lose money for sure on the refinancing because the minute you drive that car off the lot it's used and it begins to lose value fast!! So your bank will now be looking at financing a used car at a significantly lower value than a new car.

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  • Anonymous
    1 decade ago

    There is no time frame unless you are financed with a bank like that has a prepayment penalty. Most don't nowadays, but if you paid attention when the F&I guy was doing your paperwork you would know, stupid.

  • Anonymous
    1 decade ago

    If would depend on the contract but in most cases as soon as you walk out the door.

    Source(s): 923
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