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Posted in Auto Loans
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Question By
rbjetta

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car loan refi offers with lower rates but higher payments. how?
Right now I have 41 months left on my car with a rate of 3.7 and $297 a month payments. I have offers from creditkarma for refis with lower interest rates over the same amount of time, but my payments would go up. How does that make sense?

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DO NOT TAKE THE OFFERS from CreditKarma. 

Top Contributor
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When it comes to financing, mathematics are best to be ignored. LOL, joking. That surely doesn't make any sense does it, as already said, I would avoid the offers here, especially if the math doesn't add up. If you have a 3.7 rate now, that is a pretty awesome rate, so I am not sure if you could find much better anyway.

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