Can I Refinance My Car With Bad Credit in North Miami?
Sub-640 credit doesn't lock you out of a refinance. It just means we shop differently.
Realistic subprime rates
550–599: 14–19% APR. 600–639: 10–15%. Still better than the 22–29% many buy-here-pay-here lots charge in Miami-Dade.
Focus on term, not just rate
For subprime borrowers, extending term to 72 months often lowers payment enough to breathe while you rebuild — then refi again in 12 months at prime rates.
Bring a cosigner if possible
A cosigner with 700+ can drop your rate 5–8 points. Structure: cosign for 12 months, then release once you refi solo.
Rebuild in parallel
Refinance + credit repair together. In 12 months, most of my North Miami clients go from subprime to prime and refi one more time at 6–9%.
One application, many lenders
I submit to 5–7 lenders per client — banks, credit unions, and subprime specialists — with one soft pull, then one final hard pull only on the winning offer.