Refinance Your Car Loan to Save Thousands
With no prepayment penalties for canceling an existing loan, and no fees for getting a new loan at a lower rate, it's truly a no-brainer.
On a five year loan at 11% for a $30,000 car, you could refinance at today's 4%, saving roughly $111 a month.
If your current interest rate is over 6% (check your payment stub), refinancing might be right for you. If it's over 8%, definitely. Over 10%, drop what you're doing and refi right now.
Now is the time to take advantage of these historically low rates. A little effort could save a lot of money.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid