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Finance/Refinance
Hi all,
I am wondering if anybody has any experience with refinancing a vehicle to capture a better APR% and if so did that then mean that the term of the borrow period increased ?
My situation is that I took a car out on Hire Purchase Agreement back at the beginning of 2017 since then my credit score has increased tenfold so i was wondering if now i would be deemed less of a risk to lenders and possibly be entitled to a lower APR% it is currently sitting a 22.9% APR I have seen APR substantially lower since and was wondering if there is anything i can do to obtain one i am currently 2.5 years into my agreement (half way)
I am wondering if anybody has any experience with refinancing a vehicle to capture a better APR% and if so did that then mean that the term of the borrow period increased ?
My situation is that I took a car out on Hire Purchase Agreement back at the beginning of 2017 since then my credit score has increased tenfold so i was wondering if now i would be deemed less of a risk to lenders and possibly be entitled to a lower APR% it is currently sitting a 22.9% APR I have seen APR substantially lower since and was wondering if there is anything i can do to obtain one i am currently 2.5 years into my agreement (half way)
0
Comments
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Best option would be a personal loan.Mortgage free
Vocational freedom has arrived0 -
Shame the people who gave you that brilliant score wont lend you any money.
Dont forget to factor in any charges before you decide on another loan.Censorship Reigns Supreme in Troll City...0 -
Just apply for a couple of loans and see what rates you get. You will need to put down debt consolidation as the reason for the loan.
Good luck and report back with what you get offered.0
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