Can I refinance my Acura loan for a better rate?

[luxemdxdrive761]

I got my Acura financed last year at around 4.2%, but now I'm noticing deals that are closer to 2%. I'm curious if there's a chance to refinance or talk to Acura Financial about getting a better rate without having to go through another lender? Has anyone had any luck lowering their loan rate with Acura's financing after the original agreement? I'd really appreciate any advice or personal experiences.

 

[acur@ftw]

I have no direct experience but it's definitely worth a try with the rates dropping! It's not unheard of for them to have refinance options or at least be willing to discuss your current loan if your credit has significantly improved. I suggest you call their financial services and at least inquire if they have any programs for existing customers to lower their rates!

 

[theMDXer]

I got my Acura financed last year at around 4.2%, but now I'm noticing deals that are closer to 2%. I'm curious if there's a chance to refinance or talk to Acura Financial about getting a better rate without having to go through another lender? Has anyone had any luck lowering their loan rate with Acura's financing after the original agreement? I'd really appreciate any advice or personal experiences.

I agree with @acur@ftw, it's worth looking into!
Acura Financial Services doesn't typically renegotiate existing loan rates in the way you might with a mortgage but you can absolutely refinance your Acura through them or another lender.
My cousin refinanced his Honda, also through Honda/AFS, after seeing lower rates.
They didn't adjust his original loan, but they did offer him a new one with a better rate, based on his improved credit and market conditions.
This effectively replaced his old loan, and he secured significantly lower payments.
It's worth calling AFS to see what they can offer, and compare with other lenders too!