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Yes, the interest rates low enough that you would benefit from refinancing your car loan which is currently 6.5%. You can read more at ptmoney.com/2010/03/04/should-i-refinance-my-mortgage/

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Q: Are the interest rates low enough that I would benefit from refinancing my car loan which is currently 6.5%?
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Related questions

What rules or laws of refinancing an auto loan?

There are none that require a lender to refinance for you. Refinancing is easy enough, just go to your local bank, if your credit is good and you are not upside down, I am sure they will try to help.


What are the pros and cons of bankruptcy refinancing?

The pros to refinancing in bankruptcy are: You can refinance your home and pay off your trustees if you have enough equity in your home. You can save money each month and start rebuilding your credit. Cons: you'll need to wait untill your 37th month of bankruptcy if you don't want to be held responsible for the unsecured debt that you filed for. Interest rates will be higher and you may have trouble finding a lender.


What is the most effective approach to refinancing mortgage loans?

There are several reasons for refinancing your mortgage loan. One is if the interest rates have dropped enough so that you can save on your monthly payment, Another is if you want to convert some of the equity you have in your home to cash, for another purpose, such as renovating. Before you contact a financial institution, it is helpful to use an online calculator to see how much a new loan will cost, compared to your current payment.


Why would one refinance a mortgage?

Refinancing a mortgage is an option pursued in the current market environment by numerous home owners, for various reasons. One might, for example, refinance their mortgage if interest rates have lowered, or if their personal credit score has improved enough to warrant a lower rate. Ultimately, while there are many benefits to refinancing a mortgage, there are also balancing detriments, and both of these are dependent on factors such as the lending institution and the individuals in question.


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Should you pay off your house?

If you can afford to pay off the balance without using all of your savings, then it would be a good idea because of the amount of interest you would save. But if you would have to use all of your savings to do so, then I wouldn't advise it.In today's economy with the job market so unsteady, it's always advised to have enough money saved to live on for at least 6 - 8 months. But if you don't have enough saved to pay off the mortgage and still have a substantial savings, you may want to look into refinancing your home if you can get a lower interest rate.


How moch interest is on a 5000.00 loan?

You are not providing enough information. What is the interest rate and the term or length of time of the loan?


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How much interest is gained on two hundred thousand dollars?

There is not enough information in the question ! It depends entirely on what the interest rate is - and the length of time the interest is applied !