can we refinance our vehicle? or is it wise to do so?
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can we refinance our vehicle? or is it wise to do so?
I asked the same question some time back.
The answer to this I found is yes, you can refinance a car loan.
Good reason to refinance is reduction in repayment due to difference in interest rates. Some savings. Well it is not necessary so, if you just look at the difference in interest rate, you have to consider whether there is any penalty for terminating the initial loan.
so in another words, it's no point lar due to the early termination fee you have to pay.
I also looking for a loan in Singapore to refinance my car loan, can any1 recommend?
I heard that there are licensed moneylender Singapore, don't know if they provide vehicle refinancing though?