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CAR LOANS AND LEASES

 
Refinancing Your Vehicle

Consider the potential benefits of refinancing your vehicle: a lower interest rate, or an extension of your loan payment period.

  • A lower interest rate could save you a significant sum over the period of the loan. Refinancing can be especially beneficial if your loan is at least 1.5% higher than current market rates.


  • Or, if you want more time to pay, an extension of the loan payment period can also lower your monthly payments. Keep in mind, though, that a longer loan period will result in higher interest charges over time.



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