4 Reasons to Refinance Your Auto Loan

by Scott Markland Updated on: May 24, 2019

Did you know you can refinance your car, truck, RV or motorcycle for a lower interest rate? Many consumers think of refinancing their home, but refinancing your auto loan is a great way to slash your auto payments and enjoy savings each month!

1. Lower your monthly car payment
2. Decrease the interest rate on your loan
3. Skip a payment
4. Pay less to the banks and put more money in your pocket

A $20,000 AUTO LOAN AT 10% vs 5%

10% = $5,500

total paid in interest


5% = $2,645

total paid in interest

Enjoy $2,855 in savings! Lowered payment by almost $50/month!

About The Author

Scott Markland

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