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Thread: refinancing of vehicle loan

  1. #1
    Join Date
    Jan 2008
    Posts
    560

    Default refinancing of vehicle loan

    can we refinance our vehicle? or is it wise to do so?

  2. #2
    Join Date
    Feb 2008
    Posts
    395

    Default

    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.

  3. #3
    Join Date
    Jan 2008
    Posts
    560

    Default

    so in another words, it's no point lar due to the early termination fee you have to pay.

  4. #4
    Join Date
    Jun 2013
    Posts
    3

    Default

    I also looking for a loan in Singapore to refinance my car loan, can any1 recommend?

  5. #5
    Join Date
    Jun 2013
    Posts
    3

    Default

    I heard that there are licensed moneylender Singapore, don't know if they provide vehicle refinancing though?

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