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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. ... you could stretch out the loan to a 72-month ...
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
Unfortunately, he was roped into a two-for-one deal by the car dealers, which meant he took out an additional $11,704 loan to buy himself a 2016 Ford Focus, with a shocking interest rate of 24.39% ...
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.
At 72 months, the new car loan interest rate was at 7.62% in Q4 2024, the Fed reports. ... there are lenders who offer attractive refinancing options that can help you pay off your car loan faster.
Time your car loan refinance right to receive the maximum benefit. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
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