Refinancing auto loans

[dcpdane]

hi sisses, was wondering if may nakagawa na nito sa inyo.

bg story is co-maker ako ng isang autoloan ng mom ko na she can't pay for anymore. hence, mababad credit ako if isoli namin sa bank. to resolve this, we are thinking of refinancing na lang: longer payment terms (meaning higher fees in the long run) but lower monthly payments. tipong mairaos na lang wag lang masira name ko sa bank.

may nakagawa na ba nito sa inyo? so far articles based sa abroad ang nababasa ko sa google. not sure if may ganitong practice sa pinas. RCBC ang bank namin at first hand yung sasakyan. direct from casa namin sya nakuha, never needed repair, all change oils sa casa rin ginagawa.

hope to know your inputs sisses!