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As with other types of loans, the overall cost of a car loan comes down to one major factor: the annual percentage rate. The APR includes both interest and lender fees, expressed as a percentage.
Larger loans, like mortgages, personal loans and most auto loans, have an amortization schedule. With both simple and amortized interest loans, payments remain the same over the life of the loan.
Many car owners refinance their loans to get a more affordable payment. If your monthly budget is tight and reducing your car's monthly payment will help significantly, refinancing can help you out.
The first step is to get quotes from lenders that are willing to refinance car loans. You'll need to provide the lender with basic information about your credit score, vehicle, and payment history.
Figure out how much you can afford to spend each month on your car payment. Then, use an online auto refinance calculator to estimate your new monthly payment based on the loan amount, current ...
If your current auto loan is high-interest, see if you can save money by refinancing your car. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
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