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Don Taylor offers some great advice to people in your situation, in terms of both the interest rates and how to refinance the car. You can find it over at http://www.bankrate.com/brm/news/DrDon/20020410a.asp
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What are the interest rates on Bank of America auto loans?
The interest rates at the Bank of America on a loan for a new car is as low as 2.24%, for a used car as low as 2.29% and for if you want to refinance it can be as low as 2.44%.
What are the average rates to refinance a used car loan?
There are several average rates to refinance a used car loan. The average rates to refinance a used car loan are 3.63%, 3.74%, and 4.61%. The rate that one is given depends on their history, type of vehicle, and location.
Where can information be found on lending rates for a car loan?
Information on lending rates for a car loan can be found online. One can find this information on the BankRate website. Chase also has information on current interest rates for car loans.
Are the interest rates low enough that I would benefit from refinancing my car loan which is currently 6.5%?
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/
Is it wise to refinance your car loan right now?
Interest rates now are as low as they have been for ten years. Most car loans are 6.2% for those with good credit and 6.9% if you have moderately good credit. With the government borrowing more money, this will drive up interest rates within a year. If you must borrow for a car, do it now.
How to refinance my car and lower the interest?
To refinance a car you will have to go to a bank and apply for a new loan or find a bank online with a lower interest rate. You will likely have to put money down to get the loan though.
What is the purpose of a car refinance?
There can be several purposes to a car refinance. The most common reason to refinance is to get a better (lower) interest rate. Another reason may be to remove from or add someone to the lease.
What are some current interest rates for car insurance?
"Depending on the type of car you own, the year of the car, the state you reside in all are factors in interest rates. Interest rates can vary from 2.2% up to over 7.5%!!"
What are some benefits of auto refinance?
The biggest benefit of auto refinance is that it can allow you lower monthly car payments. Auto refinance can give you a better interest rate on your car loan, which can be extremely beneficial in saving you money on paying your car off.
Where could one refinance a car loan online?
One would want to shop around on sites like e-loan and Bankrate first to get the current car refinance rate. Refinancing right now for lower interest rates can also get you a lower monthly payment. Once one has shopped around for the lowest current rate, then they can go to the site Capital One Auto Finance and refinance their car loan online.
Where can one get information on car refinancing rates?
There are several great tools available online in order to evaluate car refinancing rates. Some of the best websites are for example "Bankrate" (select menu "Auto" and at the bottom select desired length) or the "Chase Auto Refinance" site.
Can you refinance your car?
Yes you can refinance a car.
