Should he refinance his car?

So my brother went out and bought a 2015 Nissan at 40k miles Last Week. The car cost $12,000. After me reviewing his paperwork, his interest rate is 2

So my brother went out and bought a 2015 Nissan at 40k miles Last Week. The car cost $12,000. After me reviewing his paperwork, his interest rate is 24.56%. Its high due to him having low credit. He was pretty desperate and really needed a car to commute to work and around town. His car payment is $391.56 With him financing the car and everything the total outcome price is $29,000. His term is 72 months (6 Years). When is a good time for him to refinance it? Of course he knows he has to get his credit up and is planning on working extremely hard to do it. The main goal is to decrease the interest rate and bring the total outcome down. When is a good time for him to refinance? He already missed the deadline to return the car.

or:So my brother went out and bought a 2015 Nissan at 40k miles Last Week. The car cost $12,000. After me reviewing his paperwork, his interest rate is 24.56%. Its high due to him having low credit. He was pretty desperate and really needed a car to commute to work and around town. His car payment is $391.56 With him financing the car and everything the total outcome price is $29,000. His term is 72 months (6 Years). When is a good time for him to refinance it? Of course he knows he has to get his credit up and is planning on working extremely hard to do it. The main goal is to decrease the interest rate and bring the total outcome down. When is a good time for him to refinance? He already missed the deadline to return the car.

or:My advice is never buy a car with payments. If you lose your job, you lose your car too. Better to walk or ride a bus until you can pay cash for your wheels.

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