Short version, just got my car from Gulliver.
I traded in my old car which had a residual balance that got transferred to a new loan.
That’s fine
Problem is it was misleading. The guy said the interest was the same BUT the residual loan and the new car loan are separate.
Basically two loans. One for the residual and one for the new to me car. The car loan is at 14%!
The loans are through Orico and taken out as one payment. I JUST got the loan.
I made an account with smbc today and am wondering if it’s too soon to refinance. I can’t find d any info on fees to paying Orico early.
Should I wait 6 months or so before trying to refinance as to not hit my credit score? Even a card loan through sbi Shinsei for the total amount of ¥2.1m seems to be cheaper than my current loan. How can I fix this?
by PM_ME_petitewomen