Refinancing can drive down auto payments

It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention.Rates on auto loans have edged lower, and car buyers who didn't get the best terms in the past year or so can save by refinancing their loans.Let's say you're paying 10 percent on a $20,000 loan. The average rate to refinance a three-year old car right now is about 8 percent, according to Bankrate.com. On ...

Auto loans can be refinanced, too

Auto loans can be refinanced, too

Refinancing? Rates on auto loans are falling, too

NEW YORK - It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks. And car buyers who didn't get the best terms in the past year or so can capitalize by refinancing their loans. Here's a rundown on auto refinancing.   How Does It Work?

Auto loan rates falling

NEW YORK -- It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks.

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