“With more and more Americans looking for ways to save money, many experts say that auto refinancing is a new trend that’s here to stay.” – MSNBC
It’s true: by not refinancing your car loan you’re just leaving money on the table, or – if you prefer – in the driveway. Don’t just take my word for it: here’s what Bill from Nashua, NH had to say after he refinanced his car loan using MoneyAisle:
“The loan I found through MoneyAisle cut my interest rate in half from 8.9% to 3.9% with the same loan term length. This will save me over $1000 over the life of the loan! The refinance process was very simple and done over the phone and through e-mails in less than a week.”
Pretty impressive, eh? With that $1000 savings, Bill could help pay for a family vacation, pay off his yearly auto insurance, or put the savings away for a rainy day. If you had an extra $1000, what would you do with it?
Listen to what the U.S. Chronicle has to say:
“For example, if a person purchased a vehicle six months ago, and the person had a car loan for $25,000 at 13% for 5-years, the person would pay about $570.
If that same person was able to refinance his car loan, and reduced his payment to $450, he would save about $7,200 for the entire life of the loan.”
If you like having more money as much as I do, it’s a no-brainer. After all, don’t you think you’d make better use of that extra cash than the institution you’re paying it to now?
Similar Posts:
- Auto Loan rates are Falling too!
- Refinancing Your Car Loan Could Cut Hundreds from Your Payments
- Save big with a car refinance
- Three Reasons Why You Should Consider Refinancing an Auto Loan
- Auto Finance: Are You Paying Too Much for Your Car Loan?
