For several months now there has been a buzz around mortgage rates dropping, therefore people have been more inclined to refinance to help save money. However, refinancing your mortgage isn’t the only way to save money, auto rates are falling too, said the Associate Press in an article published yesterday:
http://articles.moneycentral.msn.com/news/article.aspx?feed=AP&date=20100825&id=11944089.
“Average rates right now range from 5.7 percent for those with the best credit scores (720 and above) to 18.5 percent for those with poor scores (below 590), according to Yahoo’s Auto Finance Center.”
In the current economy everyone is looking to save money, and a great way is by refinancing your auto loan. Auto Refinancing is much easier than refinancing your mortgage and can save you close to the same amount!
If you purchased a car and received your car loan in the past few years, we advise you to revisit your auto loan rate; an extra year or two of building your credit can help your score and lower your auto loan rate.
At www.MoneyAisle.com our customers are saving an average of $79/mth and $948/year!
Happy Savings!
Similar Posts:
- Saving Money on Your Car Loan Payments
- Auto Finance: Are You Paying Too Much for Your Car Loan?
- Three Reasons Why You Should Consider Refinancing an Auto Loan
- Refinance Auto Loan
- Refinance Auto Loan
