Dear Terry,
We bought our 2007 Honda Odyssey last September and we are paying a car loan with an 8 percent annual percentage rate. So, right now we want to refinance the loan. When is the right time to apply for it?
-- Arthur

Dear Arthur,
Since you bought the Honda, car loan rates have gone up. It's doubtful that you can do better than your 8 percent rate on a refinance. However, you can use Bankrate's compare auto loan rates feature to try to find a better rate.

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