How much money could i save by refinancing my auto loan?

How much money could i save by refinancing my auto loan?

about 6 months ago i bought a vehicle and had to take out a loan to complete the purchase. the lender basically told me that because my credit score was so crappy (around 400-ish) that i would have to deal with an insane APR of 18% for 24 months (killer monthly payments of $500) to get the loan. as i was very desperate for a vehicle i went through with this loan and agreed to set up alottments that have raped my paycheck every month. my strategy then was to pay on the loan on time for 6 months and then seek a new lender through which i could hopefully refinance my loan and get a reasonable APR. currently i only owe about 7-8 grand more. i’ve also been paying timely payments (for 6 months) on my cell phone as i have a contract with this as well. when it comes to credit and credit score i have to confess that i don’t know jack about it. but it would seem to make sense to me that in 6 months time that my credit score should’ve been improving greatly for the last 6 months because i’ve been making all my payments on time. my question is, now that i’m thinking about refinancing my auto loan, what can i expect my monthly payments to go down to if i still want to pay this loan off in 24 months? im in the military btw (i dont know if that helps or not…)

ANSWER: For Finance and credit solutions I recommend this site where you can find all the solutions. http://FINANCEANDLOANS.INFO/index.html?src=WP2malentuwiru

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How much money could i save by refinancing my auto loan?
about 6 months ago i bought a vehicle and had to take out a loan to complete the purchase. the lender basically told me that because my credit score was so crappy (around 400-ish) that i would have to deal with an insane APR of 18% for 24 months (killer monthly payments of $500) to get the loan. as i was very desperate for a vehicle i went through with this loan and agreed to set up alottments that have raped my paycheck every month. my strategy then was to pay on the loan on time for 6 months and then seek a new lender through which i could hopefully refinance my loan and get a reasonable APR. currently i only owe about 7-8 grand more. i’ve also been paying timely payments (for 6 months) on my cell phone as i have a contract with this as well. when it comes to credit and credit score i have to confess that i don’t know jack about it. but it would seem to make sense to me that in 6 months time that my credit score should’ve been improving greatly for the last 6 months because i’ve been making all my payments on time. my question is, now that i’m thinking about refinancing my auto loan, what can i expect my monthly payments to go down to if i still want to pay this loan off in 24 months? im in the military btw (i dont know if that helps or not…)
ANSWER: For Finance and credit solutions I recommend this site where you can find all the solutions. http://FINANCEANDLOANS.INFO/index.html?src=WP2malentuwiru
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How much money could i save by refinancing my auto loan?
about 6 months ago i bought a vehicle and had to take out a loan to complete the purchase. the lender basically told me that because my credit score was so crappy (around 400-ish) that i would have to deal with an insane APR of 18% for 24 months (killer monthly payments of $500) to get the loan. as i was very desperate for a vehicle i went through with this loan and agreed to set up alottments that have raped my paycheck every month. my strategy then was to pay on the loan on time for 6 months and then seek a new lender through which i could hopefully refinance my loan and get a reasonable APR. currently i only owe about 7-8 grand more. i’ve also been paying timely payments (for 6 months) on my cell phone as i have a contract with this as well. when it comes to credit and credit score i have to confess that i don’t know jack about it. but it would seem to make sense to me that in 6 months time that my credit score should’ve been improving greatly for the last 6 months because i’ve been making all my payments on time. my question is, now that i’m thinking about refinancing my auto loan, what can i expect my monthly payments to go down to if i still want to pay this loan off in 24 months? im in the military btw (i dont know if that helps or not…)
ANSWER: For Finance and credit solutions I recommend this site where you can find all the solutions. http://FINANCEANDLOANS.INFO/index.html?src=WP2malentuwiru

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