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Is It Worth To Refinance My Used Car? |
My current interest rate is 6.5% and my payoff is around 15000. I was wondering if its importance to refinance my used 2008 car under 5.54%. I have 50 payments left. Will I put by a lot of money and is it worth doing it at all? How will this affect my
| Answer: Are you established you can get 5.54% on a used car? That's pretty low. But even if you could, and you refinanced for the time remaining on your allowance, you won't reduce your monthly payment very much, maybe $10-$15. You could extend |