How do I refinance car if I owe more than it's worth?

4 Responses

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1. clovis j says

   Usually about 6 months. But most impotanly if the rate is a lot lower then when you bought it. If you were to have bought it a month ago, but th inteist ate is about 3.5% or lower now then when you purchased it, I would reccomend doing it now

   September 1, 2010, 5:32 am
2. lepr0kan says

   No, you won’t be able to refinance since the car is worth less than what you owe.

   September 1, 2010, 5:32 am
3. engineer50 says

   You are screwed unless you can come up with the difference.

   September 1, 2010, 5:32 am
4. Jabels says

   Is $16,000 you owe?…..
   There is a difference between owing and what the 10 day payoff balance is minus the interest.
   I bet if you called the bank and ask them what the 10 day or 30 day payoff is without interest it will be a lot lower then $16,000 and perhaps lower then the $11,000 value

   September 1, 2010, 5:32 am

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