Loan Auto
How long should you be employed before qualifying to refinance an auto loan?
I would like to lower my monthly payments by refinancing my auto loan. I have a good credit score to refinance (700s). I was recently unemployed (from October to February). However, I am about to start a new job this March 1.
How long should I be employed to qualify for an auto loan refinancing? (if there is such a requirement)
Thanks, I appreciate it.
I checked with a bunch of places when we were looking to refinance. When they’d give me a straight answer they said you have to be employed a minimum of 3 months before they’d consider you for refinancing. We also moved at the same time as the new employment started, which also proved to be a problem for some people. Or it could have been the combination of the move and new job. We have excellent credit so that wasn’t a factor.