Comments on: If I refinance my car loan before making my first payment. Can a dealership or bank charge any kind of fee? http://www.refinance--blog.com/refinance/if-i-refinance-my-car-loan-before-making-my-first-payment-can-a-dealership-or-bank-charge-any-kind-of-fee Refinance Information and Deals Sun, 20 May 2012 21:46:00 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Brian P http://www.refinance--blog.com/refinance/if-i-refinance-my-car-loan-before-making-my-first-payment-can-a-dealership-or-bank-charge-any-kind-of-fee/comment-page-1#comment-643 Brian P Wed, 11 Feb 2009 04:40:12 +0000 http://refinance--blog.com/refinance/if-i-refinance-my-car-loan-before-making-my-first-payment-can-a-dealership-or-bank-charge-any-kind-of-fee/#comment-643 <a href="http://kansieo.com/">Caffeinated Content</a> Up2Drive.com is offering a posted refinance rate of 6.40% and Capital One has a lowest advertised rate of 6.95%. Neither of these online lenders charge an application fee or have prepayment penalties. You will likely have to pay the title transfer fee though. It's best to apply with a couple of lenders and do the math to figure out who can save you the most money. Caffeinated Content

Up2Drive.com is offering a posted refinance rate of 6.40% and Capital One has a lowest advertised rate of 6.95%. Neither of these online lenders charge an application fee or have prepayment penalties. You will likely have to pay the title transfer fee though. It’s best to apply with a couple of lenders and do the math to figure out who can save you the most money.

]]> By: Kate http://www.refinance--blog.com/refinance/if-i-refinance-my-car-loan-before-making-my-first-payment-can-a-dealership-or-bank-charge-any-kind-of-fee/comment-page-1#comment-642 Kate Sat, 07 Feb 2009 22:03:58 +0000 http://refinance--blog.com/refinance/if-i-refinance-my-car-loan-before-making-my-first-payment-can-a-dealership-or-bank-charge-any-kind-of-fee/#comment-642 <a href="http://kansieo.com/members">Caffeinated Content for WordPress</a> The application fee seems a little unnecessary, but the title transfer fee is accurate. The dealership can't charge you anything. But the bank who holds your loan right now might have some policies you want to check out. You need to make sure there are no pre-payment penalties. Those do exist sometimes just for cases like these where the current bank stands to gain nothing from you but time spent processing the loan. I just depends on the bank but even with a fee it should be well worth it to get the better rate now rather than later. Best of Luck! Caffeinated Content for WordPress

The application fee seems a little unnecessary, but the title transfer fee is accurate. The dealership can’t charge you anything. But the bank who holds your loan right now might have some policies you want to check out. You need to make sure there are no pre-payment penalties. Those do exist sometimes just for cases like these where the current bank stands to gain nothing from you but time spent processing the loan.

I just depends on the bank but even with a fee it should be well worth it to get the better rate now rather than later.

Best of Luck!

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