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Fed rate cuts could make auto loans a better deal. If your current auto loan is high-interest, see if you can save money by refinancing your car.
For example, if your original $36,000 auto loan came with a 7 percent interest rate, even at just one point lower, you could save $1,012 over 60 months. Your Credit Score Has Improved
If you were to refinance the loan to a 2.5 percent interest rate, your monthly payment would drop to around $375. Paying an additional $5,000 toward the loan principal would lower the payment even ...
If you’re trying to decide whether to trade in your car or refinance, there’s a lot to consider. Your monthly payment amount, current interest rates, and your car’s value can all influence ...
With current, low interest rates on auto loans, drivers might be tempted to save money with a refinanced car loan. ... 24/7 help. For premium support please call: 800-290-4726 more ways to reach ...
The 0.25% benchmark interest rate hike announced by the Fed on March 16, 2022, has many consumers revisiting their debt to cut costs in the coming months. With that comes an increase in auto loan...