Auto Loans and Financing
Repossession
Used Car Buying

Can you refinance a car that you owe a lot for to get a cheaper note?

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Wiki User
March 16, 2005 6:29PM

In some cases, YES. It is NOT the best idea in any case. You will still be "upside down" on the loan and digging a deeper financial hole for yourself. It is usually done when you purchase and new car.