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Does It Make Sense to Refinance Your Auto Loan?

Navy Federal Credit Union

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Interested in lowering your car payment? Use these tips from Navy Federal Credit Union to refinance your auto loan.

If your car payment is too high for your budget, refinancing your auto loan could be the answer. Before you make your decision, use our tips to find out if refinancing makes sense for you.

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Navy Federal Credit Union

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Responses: 8

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SGT (Join to see)

Posted >1 y ago

No more car payments...

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PFC David Foster

Posted >1 y ago

No

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CSM Charles Hayden

Posted >1 y ago

Check DAVERAMSEY.com before you do!

(2)

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SGT (Join to see)

Posted >1 y ago

I don't do car payments anymore... God Id Good!

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CW3 Michael Bodnar

Posted >1 y ago

Only if it's for a lower interest rate but other than that, no.

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LTC David Brown

Posted >1 y ago

One problem for car loans is early payment doesn’t reduce interest. So you end up rolling the interest over to your new loan plus the new interest.

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PVT Mark Zehner

Posted >1 y ago

Thank you for the information!

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Cpl James R. " Jim" Gossett Jr

Posted >1 y ago

NO

(0)

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