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You can still refinance an auto loan with bad credit, but getting a good rate can be difficult. Borrowers with low credit scores generally pay much higher interest rates.
According to data from Experian, borrowers in the subprime category (from 501 and 600) can expect an average rate of 11.86 percent for new cars and 18.39 percent for used cars. Credit score range ...
How do you refinance a car? Find out what steps to take when refinancing a car, including how to choose the best lender with the most competitive loan rates.
Below are some situations where it might make sense to refinance: Your credit improved. If your credit score has improved, you may receive more favorable terms and rates through refinancing. You ...
If you were to refinance the loan to a 2.5 percent interest rate, your monthly payment would drop to around $375. Paying an additional $5,000 toward the loan principal would lower the payment even ...
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.
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