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How long do you need to wait to refinance a Honda?
"How long should I wait after purchasing a car to refinance? I just bought a Honda Fit but I noticed that I might have paid too much on my rate."
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“There are no stipulations on when you can refinance, so the answer is as soon as you want. You’ll need to
bring many of the same documents
for the refinance that you brought for the original loan. The only thing you need to do first is to make sure there’s no penalty for prepayment on your original loan and that there aren’t any fees associated with the refinance.
If there are fees, you should weigh those against how much you’d save from paying less interest to decide if the refinance is actually worth it.”
View full answer
- Gregory R.
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