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Posted in Auto Loans
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TAM03

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Is refinancing an auto loan a good idea?

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It can be if you can save some money. It will ding your credit, but if you will save money it may be worth it. All in all it depends on how much your credit has improved since getting the loan. If it has greatly improved it may be worth it, but if it hasn't improved much, it may only save you a couple hundred dollars and that would not be worth it.

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