Who Should Refinance Their Auto Loans?
I think anyone who got an APR higher than 0-3% from their car loan should refinance their auto loans. You should watch the interest rate sites over a period of a few months and find an APR offer that is at least 1% less than what you are currently paying. Use your calculator to see how much that will save you at the end of the year. You might be surprised! Then you can use all of the money you saved and pay for gas on that road trip you’ve been long due for!
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