Only been at job for 1 month, last job 3 years. Can i refinance auto loan with credit score of 620?

Question

Only been at job for 1 month, last job 3 years. Can i refinance auto loan with credit score of 620?

Answer 1

There is much more to be taken into account here. Lenders look at your job, income, financial situation, debts, current loan amount, car value, and many others. With a 620 you have a decent chance. Best part is applying is free. No harm in checking to see if it'd help.

Answer 2

you can refinance anything these days... you jsut have to be careful that you arent paying a large refinance fee that will cancel out the smaller payments

Answer 3

Don't refinance, you are likely to get another rip-off interest rate.  Sell your car and get a car that you can afford with cash.