Monday, November 28, 2011

Just bought new car, financed through dealer, can I change to bank financing


Just bought new car, financed through dealer, can I change to bank financing?
I live in MA and I just bought a new car about a week ago. I think I can get better financing through my credit union. Can I switch financing without a penalty or how does that work?
Buying & Selling - 2 Answers

Random Answers, Critics, Comments, Opinions :
1
Read your contract, it depends on the terms of the loan...but normally yes you can refinance if you have good credit and the car is worth the amount you got loaned.


2
You can always payoff the dealer's bank and use your credit union, however, it may be a very costly experience, now. Better weigh the numbers.

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