Is there a way I can refinance my existing auto loan to make smaller monthly payments?


2005 Buick Rendevous has 39000 miles and I owe 19000.00. My payments are 459.00 per month. I need them below 290.00 a month or I’ll have to let it be repocessed. Is there any kind of finance company out there that will help my needs???

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2 Comments

  1. roger v says:

    Only way to get even close to that is to go 6 years on the refinancing. Go to http://www.lendingtree.com and see who offers what

  2. A_Kansan says:

    Actually, probably not. Usually they on finance a vehicle for 4 or 5 years, and not a used one.

    To get lower payments would require them to extend the repayment period. That would have you owing more than the vehicle is worth, and with an asset with a declining value.

    Sorry.

    Good Luck.

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