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That would save you about $3,000 over the original loan with the new lower interest rates. How To Refinance Your Auto Loan. ... Ally, for example, says its refinancing customers save $129 on an ...
According to the Experian State of the Automotive Finance Market Report: Q2 2022, the following are the average used car loan interest rates by credit score: 781 to 850: 3.71% 661 to 780: 5.58%
Then, use an online auto refinance calculator to estimate your new monthly payment based on the loan amount, current interest rate, current loan length, and loan balance.
Ally Financial Inc. (known as GMAC until 2010) is a bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
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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