<prompt> Human: We closed on a car last night but got a 6 rate through VW dealership. We got preapproved from a credit union for 3. We didnt want to wait till Monday to get the car so we negotiated a little more off the price because of the difference in rate.There are no pre payment penalties but they told us we needed to wait 4 months to refinance... anyone know why? Was looking to have it refinanced this week but dont want anything to come back on us.  <response>: They likely told you to wait 4 months to refinance because they get a reserve from the finance company usually a percentage of the amount financed, and if you refinance and pay off the loan before the 120 days is up, they lose whatever they were paid by the finance company. Refinancing now wont hurt you, only them. I say go for it! 