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Refinance Car Loan

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refinance car loan
how much will my interest rate goes down after I refinance my car loan?

I bought a car 2 months ago and the dealer told me that I can refinance my mortgage after 7 months. my current rate is 12, what will it be after I refinance? please help! I live in NY if that helps

You do not really give us much information about your credit, so it's hard to say. It's going to depend on 4 key factors 1 equity in the car second credit third age Car fourth miles on the car assuming it is a some what new car and low miles, and it's your first car, and your only have limited credit. You may be able to cut your rate in half. But I do not think we have enough information to say.