6 Comments

1. Bob says:
   May 1, 2010 at 3:53 am

   Try a credit union. Usually they are able to offer better rates than Banks. The key is to get a lower interest rate, even if it is 5% lower that will save you quite a bit.
2. Tom Cat says:
   May 1, 2010 at 4:04 am

   Sell the car and do the following in order of preference
   1. Walk
   2. Catch a train
   3. Buy a cycle
   4. Buy a scooter
   Save enough then buy a car.
3. Donnacula says:
   May 1, 2010 at 4:06 am

   If you’re a member of a credit union they might be able to drop your rate down 1% or so under the average. Credit Unions DO go by your credit score as well as other lenders.

   You may just want to have someone else assume your loan and get rid of your car if it is causing you that much of a hardship. Sadly it’s a tough price you pay to live beyond your means.
4. Rod O says:
   May 1, 2010 at 4:51 am

   You have to improve your score. Nothing else will really help much.

   Trying a credit union is a good idea but they may be unwilling to lend if your credit is that bad.
5. I Sleep Easy says:
   May 1, 2010 at 4:55 am

   Before refinancing your auto loan you should read the 3 tips at http://www.loan-information-center.com/Articles/Refinance_Your_Car_Loan_-_3_Tips_For_Refinancing_Your_Auto_Loan_Online.php which includes ideas for increasing your credit score and getting the best interest rate possible.
6. Dutch Master says:
   May 1, 2010 at 5:29 am

   YOU ARE LUCKY YOU GOT A LOAN IN THE FIRTST PLACE .