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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.
If you were to pay $2,000 in mortgage points on a 15-year cash-out refinance, for instance, you can deduct about $133.33 per year for the duration of the loan. Learn more: Cash-out refinance rates
Pay off your loan sooner Refinancing can also lead to paying off your loan early. If your income has increased since taking out your auto loan, it may be a good time to refinance to a shorter term.
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.
Leasing a car has a lot of benefits, and it can be a great option for some drivers. With a leased car, you may have more freedom to choose what you drive and for how long.
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A cash-out refinance offers benefits like access to money at potentially a lower interest rate, plus tax deductions if you itemize. On the down side, a cash-out refinance increases your debt ...
Learn if you can refinance an older car & how to apply for refinancing. Learn about disqualifications, private lenders, pros, cons, & available options.
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