5 Reasons to Refinance Your Auto Loan
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....And Save Money
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Owning a car can be expensive.
Next to your rent or mortgage, your car payment can be one of your largest household expenses.
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According to AAA, the average cost of owning and operating a car is $9,666 per year and even more if you drive further or own a larger vehicle.
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Luckily, there are some pretty simple ways to save money on car expenses without requiring a lot of sacrifices.
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Should You Refinance Your Auto Loan?
With interest rates at all-time lows, refinancing your auto loan could save you a significant amount of money.
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5 Benefits of Refinancing
If saving money isn’t enough, there can be additional benefits to refinancing your auto loan.
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Get a Better Interest Rate
Over the life of an average car loan, you can end up saving thousands of dollars in payments by lowering your interest.
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Lower Your Monthly Payment
If your budget has changed and your other expenses have gone up, it can make sense to secure a lower monthly payment.
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