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| *Ostroff, Fair and Company>>>Credit |
Auto Refinance/ Attn: Spifiman1? |
Follow Up Question Can I have the dealer where I purchased my car do the searching of finding a company that will refinance my car? Or does am I left to get the ding each time I submit a new application? FYI I have had my car for 1 year Well, you can try but most dealers only submit people they are trying to sell a car to. Since they do not own your car there would not be any profit in this type of transaction. I have done this in the past for a really good customer and what I did was purchase their vehicle from them and turn around and sell it right back to them for a small profit. Good luck in finding a dealer that would be willing to do this for you. Source(s): Finance Manager for over 7-years. the car dealer can only finance you a car from purchase not refinance, what you should be doing is looking into a bank for you to refinance , but a credit union if available is the best case . i too have bought back cars and resold them to the customer to refinance there loan but be careful there is definitely a profit in the refinance to the dealer that may be more than you would pay if you just keep the loan and add a few dollars more to the payment which would save you a lot of interest. email me if you want more info and mabey you can tell me the specifics. car dealer/fiance manager 14 years+ |
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