#145: Is It Worth It to Refinance Car Loans? Or is it Better to Focus on Other Goals? –
If you’re looking for simple ways to save money each month, it might make sense to consider opportunities to review and refinance car loans.
After housing expenses, your car loans are often the 2nd largest expense you may pay every month. You might even be surprised how much money you can save simply by refinancing.
I’ve refinanced my car loans to get a better APR, and refinancing my student loans was one strategy I used to pay off $85k of student debt in 18 months.
Refinancing car loans can be a strategic move to save money on interest payments and potentially lower your monthly payments. However, it’s essential to weigh the potential benefits against the time and effort involved.
In this article, we’ll weigh whether or not it’s worthwhile to refinance car loans, and we’ll dive into the pros and cons.