7 Questions to ask when refinancing your car

Car refinancing might save you big money every month: There are many great reasons to refinance your car loan, saving money is at the top of the list. According to the credit reporting bureau TransUnion, you could lower your interest rate an average of 2.4 percent, and that means your monthly car payments could be reduced by more than $50 – that’s over $600 per year. That’s why we recommend seeing how much you could save. It’s free to find out what your savings might be by refinancing a car loan. It just takes a few minutes, and there’s no effect on your credit score. We examine the top providers in the auto refinance industry and share the info with you. When you decide the time is right for you to refinance your car you need to get some answers first.

Here are 7 questions to ask:

  1. Interest Rate
  2. Term
  3. Fees
  4. Process
  5. Dealer Loan
  6. Payments
  7. GAP