Should I refinance my auto loan again?

Friday, May 21st, 2010 at 02:05

I recently (about a week ago) refinance my 6-year 21% loan to a 4-year 11.5% loan. I did i through a credit union and at a higher than prime rate because I don't have much credit and/or high revolving balances. My question is, in about a year, should I refinance again through the same credit union for a 3-year loan? I will probably get a little better rate. The only thing is, we are hoping to not have the car much longer than another year. If we trade it in, I will owe about 1500-2000 over trade-in value. I know, paying more every month is an option, but just not feasible right now. Any suggestions?
If I refinance with 3 years left, I will be paying less interest since my rate will be better.