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When you refinance a car loan, the bank will run a hard credit inquiry. This action will reduce your credit score by a few points, but that's not the only factor in play here.
Pressing the restart button on your auto loan by refinancing is not without its risks. Consider these disadvantages. High interest rates. Refinancing also comes with the risk of higher interest rates.
Refinancing to a lower rate on an auto loan could help drivers cut their monthly car payments. The Fed is likely to keep cutting interest rates, perhaps by another 1.50% through the end of 2025 ...
Learn whether the co-signer can refinance an auto loan, including terms, requirements, and potential refinancing options available for borrowers.
Does it cost anything to refinance a car loan? Use this helpful guide to understand the fees that come with refinancing your car loan so you're not surprised.
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