Interest rates are low now, so that's not a bad option. Also if you have a credit union and your car is within the first 1-3years with reasonable or low miles give it a shot. If you are comfortable with your payments instead of refinancing for another 48 try refinancing for 36 if the payments remain the same as they are now and with a lower interest rate. That way you can pay off your car faster. It really depends on what your goal is. If it's to lower your monthly payment, go with a credit union. If it's to pay it off faster try lowering the lenght of financing. Goodluck
|