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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 ...
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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.
You can use a calculator or the simple interest formula for amortizing loans to get the exact difference. For example, a $20,000 loan with a 48-month term at 10 percent APR costs $4,350.
When you refinance an auto loan, you essentially swap your current loan for a new one. Refinancing can help you secure a lower interest rate, a more affordable monthly payment, or a different ...
If you want to lower your car payment but can't refinance for one reason or another, you have a couple of options. First, you can talk to your lender about modifying your loan.
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