Over the last few years, leasing a car has surely become one of the most popular alternatives to buying one. While the process allows you to circumvent paying the full price at the dealership, it also means you will probably have to settle for monthly payments, and in many cases, it may weigh heavy on […]
Auto loan refinancing allows you to secure a lower interest rate along with better terms and a suitable payment schedule. Moreover, if your credit score has improved since you took out the initial loan, you’re in luck because you may have a pool of lenders in the market to choose from. After all, an auto […]
An auto loan is typically considered a secure investment. However, the only downside to it is that the car you’re buying is kept as collateral. Now, there’s also an upside to this because, with collateral, you may have a lower interest rate and better loan terms than what you may get in an unsecured loan. […]
The best way of managing the cost of your car loan is auto refinancing. Today, we will explain what auto refinancing is and when you should opt for it. Auto refinancing is the process of taking another car loan to replace an existing one. The result of refinancing is a fresh loan contract, usually with […]
The short answer to the question is yes. You can temporarily hurt your credit by car refinancing, but you can also expect it to bounce back not long after. The general perception about refinancing an auto loan is that it can help you save money in the long run, given that your monthly payments are […]
If you, like most of us, need to make your income go further, it’s helpful to start by looking critically at your monthly budget, starting with your biggest expenditures. Transportation costs are the second biggest category of expenses for the average American, second only to the cost of housing. These transportation costs, of course, include […]
With interest rates falling, now is a good time to see if you can lower your car payment, the pandemic has created an opportunity for savings. The Coronavirus/Covid-19 pandemic has resulted in immense financial strain across the country and left many industries looking for ways to provide relief to consumers while still encouraging necessary sales. […]
Car refinance customers save an average of $97 per month. These savings reached an all-time high rate in 2021. They saved $1,158 on average per year, which is 16% higher than the previous year. About 56% of the borrowers made savings of between $50 and $149 on their auto loans per month. Moreover, the number […]
If you have recently taken out an auto loan and are wondering whether you can refinance it, you are not alone. Many people apply for car loan refinancing early in order to get lower interest rates or lower monthly payments by extending their loan term. But can you even refinance a car that you have […]
If you’re thinking about refinancing your car loan, you’re probably hoping to lower your monthly payment. Refinancing your auto loan can help bring down your monthly costs or reduce your interest rate. Be sure to crunch the numbers before applying in order to find the best deal for you. Here are a few tips to […]
