How does refinancing ever make financial sense for all parties?

600 viewsEconomicsOther

So I got a car recently, and the dealer and my parents agree that refinancing will be a good idea soon. How does it make sense for another creditor to buy your credit and give you a better rate? Why would the original creditor not just keep you on the hook for the worse rate?

In: Economics

10 Answers

Anonymous 0 Comments

I don’t know if there are any ways to disable the post once it’s answered. But I do get it now. Thanks everyone

You are viewing 1 out of 10 answers, click here to view all answers.