Why should you consider refinancing your car loan?
Learn how loan refinancing can lower interest rates and provide benefits in the lending market.
So, you've recently acquired a car and your dealer, along with your parents, are advocating for the idea that you refinance soon.
But you may be wondering, why would another creditor purchase your credit and offer you a better rate?
Wouldn't it be in the original creditor's best interest to maintain you on the hook for the worse rate?
Let's delve into the intricacies of refinancing.
Early Repayment Penalty Myth
It's crucial to debunk the myth surrounding early repayment.Most loans don't impose early repayment penalties, allowing you to settle the entire remainder of the loan whenever you please.
Thus, the original creditor can't simply...
