Loans and mortgages – Smart way to slash your car payment

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Refinancing isn’t just for homeowners anymore. You might never have thought about it, but refinancing your auto loan could slash your monthly payment.

You should consider refinancing if interest rates have gone down since you bought the car. It’s also a smart option if your credit rating has gone up because you’ll be eligible for a lower rate.

Applying online can get you through the process in just 10 minutes. Visit a site like www.eloan.com that offers auto refinancing options. Also try www.capitaloneautofinance.com, where your can look at available rates and calculate what your new monthly payment might be.

To compare the rates of lenders in your area, visit www.bankrate.com. They will give you contact information and tell you whether each lender charges a fee.

Usually lenders do not charge fees to refinance your car loan, but you will have to pay to have your title transferred at the local Department of Motor Vehicles. The state charges anywhere from $5 to $65 transfer the lien. That’s little to pay, though, to save thousands of dollars over the life of your loan.



All the best,



Timben