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Wanna buy my 1st car.can u guyz help me with something?
The only reason to refinance a car is to lower your interest rate. Important******** The key to winning the game is refinancing the vehicle with a lower rate WITHOUT extending the term. For instance, if you are financing $20000 @ 8.99% and have 60 payments remaining, it would behoove you to refinance it at a lower rate without going any longer as far as term. Anyway, I hope this helps and good luck!hi, refinancing, you should look out for a lower monthly payments thus lower interests and no closing costs and no penalty when paid off early.
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