eliallen said:Wouldn't hurt to ask your finance co. if they would refinance. You never know until you ask.
BernieD said:It works. As a matter of fact they don't even need to refinance. My loan was taken out in 2003 at the current rate then of about 7.5%. I am currently paying 5.25%. As rates came down, I kept calling the bank and asked them to lower the rate, and they did. I got a letter confirming the lower rate and that was what was charged afterward.