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Showing posts from August, 2015

When to Refinance Your Car? What Happens When You Refinance Your Car Loan?

Refinancing a car loan can be quite confusing at times. It has its own advantages and disadvantages and you need to understand how a refinance can benefit you more than anything else can. The first thing that you need to know is when to refinance your car . Normally people go for a refinance when they find it difficult to pay for the existing car loan. The refinance loan extends the duration as well as lowers the rate of interest. One of the best ways of having a lowered rate of interest is to pay off your car loan on time. If the lender sees that you have paid your existing car loan on time, then they offer good discounts on the refinance. However if you are not satisfied with your existing car loan terms that is when should you refinance your car. Refinance car loans give you a lot of benefits and the best thing about it is that you can spend less on the loan repayment and save money. If you are still asking “ can you refinance car loan ? ” Then the answer is yes if only you