Refinance Car Loan Rates

These loans include fixed rates mechanical repair coverage and a simple interest method that allows you to pay less over the length of the loan.

Refinance car loan rates. An auto refinance is the process of applying for a new auto loan to pay off your existing auto loan hopefully with a better interest rate and better terms. In return you can get auto loan rates as low as 2 99. If you were to refinance and get a loan for 21 000 for the remaining 48 months with a lower interest rate of 5 you d end up paying a total of 23 214 on your refinance loan. If your credit score has improved or if interest rates have gone down since you first financed your car refinancing your auto loan could lower your monthly payment and save you money over.

Refinancing an auto loan could lower your rate and monthly payment saving you hundreds of dollars a year. See rates for new and used car loans and find auto loan refinance rates from lenders. Just keep in mind that like any financial decision you shouldn t make it lightly. If you re unsatisfied with your car loan interest rate duration or monthly payment then refinancing your auto loan is an option to consider.

Combined with the 4 000 you paid on the previous loan you d have paid a total of 27 214 to finance your car 2 488 less than if you had kept your original loan. Refinancing your car loan is fast and easy and can put more money in your pocket.