Refinancing a Car: How Much Does It Cost?
Refinancing replaces your current auto loan with a new one, ideally lowering your rate, adjusting your term, or both, to cut interest or monthly payments.
However, there are real fees and state charges that affect the true cost.
Refinancing replaces your current auto loan with a new one that ideally lowers your rate, adjusts your term, or both, and the right move can cut interest or monthly payments, but there are real fees and state charges that change the true cost.
For more information, see Bankrate’s refinancing guide.
Author summary: Refinancing a car loan can lower rates.
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