The short answer to the question is yes. You can temporarily hurt your credit by car refinancing, but you can also expect it to bounce back not long after. The general perception about refinancing an auto loan is that it can help you save money in the long run, given that your monthly payments are […]
If you, like most of us, need to make your income go further, it’s helpful to start by looking critically at your monthly budget, starting with your biggest expenditures. Transportation costs are the second biggest category of expenses for the average American, second only to the cost of housing. These transportation costs, of course, include […]
With interest rates falling, now is a good time to see if you can lower your car payment, the pandemic has created an opportunity for savings. The Coronavirus/Covid-19 pandemic has resulted in immense financial strain across the country and left many industries looking for ways to provide relief to consumers while still encouraging necessary sales. […]
Car refinance customers save an average of $97 per month. These savings reached an all-time high rate in 2021. They saved $1,158 on average per year, which is 16% higher than the previous year. About 56% of the borrowers made savings of between $50 and $149 on their auto loans per month. Moreover, the number […]
If you have recently taken out an auto loan and are wondering whether you can refinance it, you are not alone. Many people apply for car loan refinancing early in order to get lower interest rates or lower monthly payments by extending their loan term. But can you even refinance a car that you have […]
If you’re thinking about refinancing your car loan, you’re probably hoping to lower your monthly payment. Refinancing your auto loan can help bring down your monthly costs or reduce your interest rate. Be sure to crunch the numbers before applying in order to find the best deal for you. Here are a few tips to […]
We all have the tendency to land bad loans at some point in time. For the most part, it’s the lack of experience, but sometimes unfortunate circumstances can also dig in. No matter what pushes you to pursue an auto refinance, remember that you must consider the pros and cons associated with it before making […]
If you’re in hot waters financially and aren’t able to figure out the source sucking up all your money recently, you may have been looking in the wrong places. A bad auto loan eats up your savings in the most unobvious of ways at times. However, is there a way to bring some big money […]
Did you recently finance your dream vehicle and get yourself into financial shackles shortly after? It’s common for people to experience monetary pitfalls, especially when they pursue serious decisions, such as purchasing a car, with poor planning. However, there’s a greater chance there may be factors involved beyond your reach. Hence, if you’re falling short […]
The growing financial strain due to the pandemic has left many people in a pickle about auto refinancing. Is it a good time to refinance a car? Well, here’s the deal. If you’re financially stable and have a decent credit score, now may be a good time to refinance an existing auto loan and secure […]
