# Re-financing question

**URL:** <https://forums.speedlife.net/t/re-financing-question/44302>\
**Category:** NYSpeed Automotive\
**Created:** [March 2, 2008, 5:34pm UTC](https://forums.speedlife.net/t/re-financing-question/44302 "2008-03-02T17:34:09Z")\
**Posts on this page:** 1\
**Showing post:** 12

<div class="post-metadata">

**Author:** ![cky89](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cky89/32/4945_2.png) [@cky89](https://forums.speedlife.net/u/cky89)\
**Post date:** [March 2, 2008, 6:31pm UTC](https://forums.speedlife.net/t/re-financing-question/44302/12 "2008-03-02T18:31:21Z")

</div>

> [@Viper966](#):
>
> sorry, refinancing a car you bought new doesnt work, especially if your credit history hasnt changed… the ONLY time doing a refi works is if soemthing dropped off your credit report, adn you are going to say drop from 13-15% to ~ 8, but since you bought new from GMAC you are probably at ~5-6 % and refi’s start at ~8%… what is your monthly payment?
> 
> chances are you simply cant afford the car anymore

He can afford it, just the way he prioritizes things makes it seem hard for him to do so.

---

_[View the full topic](https://forums.speedlife.net/t/re-financing-question/44302)._