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If your income has increased since taking out your auto loan, it may be a good time to refinance to a shorter term. If you pay your loan early, you’ll save on interest — assuming the lender ...
Of course, home loans tend to be much bigger than vehicle loans, so the potential to save is much larger, but the logic works the same with your car loan. These strategies for early payoff are all ...
Refinancing your car loan can be a good idea if: You can get a lower interest rate than what you currently pay. You have a better credit score than when you took out your loan.
That extra amount should go directly toward the principal, especially if you specify that intention when you make your payment. Use an auto loan early payoff calculator to find out how much you ...
Good news: If you have good enough credit and get approved by a lender, you can refinance an auto loan. Refinancing to a lower rate on an auto loan could help drivers cut their monthly car payments.
If you've ever wondered about the pros and cons of refinancing a car, now's your chance to find out. Learn what refinancing is and how it could help you.
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