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Everyone loves the idea of lowering their monthly car payments and saving on interest as well. Refinancing can be a great way to save money on your car loan. At Old Saybrook Chrysler Dodge Jeep RAM in Old Saybrook, our finance team is staffed with experts who can give you the scoop on how to navigate the process. Below, you can learn more about the best way to refinance an auto loan and learn more about your options.
Lowering the interest rate on a car loan is the goal behind refinancing. To refinance, you’ll need to know the ins and outs of your current loan — how much you’re paying, your interest rate, and more. Check your loan documents or give your lender a call to get the information you need. Once you have it, take these steps:
Still on the fence about where you want to refinance your car? Consider the following points before making your decision:
Contact the finance center at Old Saybrook Chrysler Dodge Jeep RAM if you’re in any of the situations described above. Our team can give you advice, based on your circumstances.
Now that you know the answer to the question, “How do you refinance a car loan,” you’re ready to decide if it’s the right option for you. If you’re currently looking to lease or finance a car, we can help! Contact us online or give us a call at (860) 851-4812 to schedule an appointment at our Old Saybrook dealership.
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