Will I have trouble refinancing my used auto loan if the loan is above the bluebook value?

I paid a bit over bluebook value for my used truck because it was in exceptionally good shape and I don't have the credit to be picky. I would like to refinance in a year, but I'm concerned that the banks won't refinance me because of the value of the truck vs. the amount of the loan. Can anyone give me some advice?|||Next year when you go to try to refinance, the bank will look at the Retail Loan Value of your truck, not Blue Book. If the 'loan-to-value' is acceptable, they might approve the loan. If not, they might require a down payment. Good luck.|||Very interesting question. We have Brown Books for our Camel Trade, it seems very similiar to your Blue Book for motorcars in some respects.|||You are stuck! Maybe you can fool someone to refinance youur truck for more than it is worth. Next time do your homework on the truck and NEVER BUY A VEHICLE THE SAME DAY YOU SEE IT.|||Kelly Blue Book is not the best source for the worth of a vehicle, but to answer your question, banks will usually loan 80% of the worth of a vehicle, so if you are top heavy on what you owe, chances are they would not, especially if your credit is not the best.|||Hi


I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of even with a bad credit. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address charles_lenders@yahoo.com Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.





Thanks.


Deborah Kirk