How long do you have to have an auto loan before you can refinance it?

I have had my truck for little over a year and the payments are now too much to afford. (when I got the truck I had more than enough to cover the payments. but because of failing construction my husbands good job is now gone)

Is it too soon to refinance to get a lower payment?

How long do you have to have an auto loan before you can refinance it?

If you can get anyone to approve a new loan, you can refinance the SAME day you sign the original loan. At one year, you probably owe more than the truck is worth, that will probably mean you CAN'T refinance. SELL the truck and buy something you can afford. If you need a loan, you can't afford it.

PS. IGNORE the answer above mine. Reputable lenders NEVER advertise on Yahoo Answers. It violates the Community Guidelines.

How long do you have to have an auto loan before you can refinance it?

You can refinance anytime really. You might not be able to with the same bank but any other bank would probably take the loan.

Later

How long do you have to have an auto loan before you can refinance it?

Allot of it will depend on how many payments you have left. A bank usually has a limit of how long they will make the loan for.