Q:

How long does someone have to own a car before it can be refinanced?

A:

Quick Answer

There is no set amount of time a person has to own a car before they can refinance. The length of time often depends on the lender.

Know More

Full Answer

It is recommended that a person waits at least 6 months after the original purchase before they seek refinancing. When the owner inquires into a refinance loan, it often requires a credit check. This inquiry can lower a credit score by a couple points. When a person is interested in refinancing due to high interest rates, or a hardship, they should talk to their lender. The lender can advise the person on when to refinance.

Learn more about Buying & Selling
Sources:

Related Questions

  • Q:

    Can you buy a car without a license?

    A:

    A car can be purchased by someone who does not have a driver's license, and its title can be transferred to that person. However, some states may require the individual to have a license in order to register the car.

    Full Answer >
    Filed Under:
  • Q:

    How can you kick the tires of a classic car for sale online?

    A:

    Buyers who want to buy a classic car online and who are unable to inspect it in person can use car inspection services such as Beepi, Carvana or Tred to handle the inspection. In addition, eBay offers its Assurance Program for Vehicles to provide services for remote buyers.

    Full Answer >
    Filed Under:
  • Q:

    What do you need to do before buying a car?

    A:

    Before buying a car, a buyer should arrange for financing, understand the value of their trade-in and test drive the desired vehicle. It is also important to get price quotes on prospective vehicles and the necessary insurance, as well as review the purchase contract before signing any paperwork. Having a complete understanding of the total costs associated with owning a car is critical before making a purchase.

    Full Answer >
    Filed Under:
  • Q:

    How do you decide what car is right for you?

    A:

    Picking a car involves deciding which car features, such as the size and type, energy type and power, best suit the user's lifestyle. Families typically need larger vehicles, such as sedans, station wagons, SUVs and minivans, which have more storage and seating space, to accommodate children. Others may opt for smaller, more stylish vehicles.

    Full Answer >
    Filed Under:

Explore