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The cost of keeping your vehicle on the road each month is a challenge for many. Monthly payments on cars have soared — an average monthly payment of $533 for used vehicles and $726 if you buy ...
For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates.The average auto loan rate for someone with excellent credit is 5.25%, according to ...
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.
Due to this, the auto refinance industry, consumer sentiment and lender environment all are showing positive signals, further increasing the potential for interest cuts in the foreseeable future. As of our last Industry Insights in February of this year, the Inflation rate was 3.35%, however as of July it has dropped to 2.89%. Used Car Book Values
Your monthly payment amount, current interest rates and your car’s value can all influence your decision. Check Out: 6 Best New Cars for the Upper Middle Class
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
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