View Full Version : refinancing of vehicle loan

3rd January 2011, 08:30 AM
can we refinance our vehicle? or is it wise to do so?

29th November 2011, 11:38 PM
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.

13th December 2011, 04:00 PM
so in another words, it's no point lar due to the early termination fee you have to pay.

17th June 2013, 10:37 PM
I also looking for a loan in Singapore to refinance my car loan, can any1 recommend?

13th September 2013, 09:05 PM
I heard that there are licensed moneylender Singapore, don't know if they provide vehicle refinancing though?