Webb Ford Highland, IN Used Cars Finance Scam Highland, Indiana

Car Dealers will tell you ANYTHING to sell you a car.  If they thought they could get away with it they would tell you that the engine was made of gold if it would get you to buy the car.  Telling you that you can refinance your loan is a typical sales pitch to try and get you to accept an interest rate you may not like.  The fact is that no dealer or bank will refinance their own loans.  They have absolutely no reason to, because they already have you in a legal agreement at a higher rate.

 Now, this does not mean that you can't try to refinance with another lender.  There are several lenders who do refinancing.  If your credit has improved you may want to try to do search some out.  But depending on the specifics of your current car and the balance owed you may or may not be able to get it refinanced.

If a dealer promises you anything, you must get it in writing.  If they are unwilling to back up their words in writing that should tell you all you need to know about the dealer.