Should you Refinance Your Auto Loan? PDF Print E-mail

Have you ever wondered if refinancing your auto loan could save you money? Here are some things to consider before you’ll be able to answer that question:

Time left on your current loan. If you have a longer period of time to pay the loan you may be a better candidate to save money in the long run. If you only have a few months remaining to pay on your loan, refinancing wouldn’t benefit you.

How long you intend to keep the vehicle. If you normally keep a vehicle to the end of the loan term and you want to try to lower your overall payments, refinancing may be a good choice for you.

No matter what your circumstance is, do your research before deciding to refinance your auto loan. Search for the best rate and term that will fit your needs and your budget.


Credit Union of Colorado can fit your needs with low auto loan rates, along with a variety of loan terms. Contact us by phone or apply online here.


Current Used Auto Loan Rates 

 

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This credit union is an Equal Housing Lender, we make loans without regard to race, color, religion, national origin, sex, handicap, or familial status.