What about at the purchase rate, but with an additional amount towards the principal and extended length of the loan. I ask because I took a 3 year loan to 1.9%, but would like to make a large payment and extend the loan to 48 months.
If you make a payment of $2500 or more, Ford Credit will refigure payments for you if you contact them. I'm not sure if they will just adjust your payments on the current loan or allow you to create a new loan.
I would be 90% certain that if you try to refinance they will increase your APR. My suggestion: bank the large downpayment. You'll earn more than 1.9% interest on it, and just keep paying your current loan.
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