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Posted in Auto Loans
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Question By
Ashleydesmuke

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Should I refinance my auto loan?
Currently my auto loan is through a credit union, as I am a first time buyer, my interest is skyhigh. 16.55%!! And I have been paying on it since April, I feel like all I am doing is losing money, I have barely made a dent. Should I refinance now with IFS (provided by Credit Karma) which brings my interest down to 4.3%? Or is it too soon? Also any insight as to how it actually happens? (The process of refinancing).

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How does refinance auto loan work

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If you refinance your auto loan will it take longer to pay it off. How does it work? 

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