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Posted in Auto Loans
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Question By
VolvoLoanDecision

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should I refinance my car loan?
I have 25 payments left (out of the original 60).
The interest rate is 5.37. I can get a new rate of 2.49, but it only shows options for 60 months. I don't want to start again and have to pay for 5 years, but my current monthly payment is high. Are there other options?

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If you were able to go to a credit union I'm sure that they could do it as a two year loan.  Even if you took the 60 month loan as long as there are no penatys for paying off early then you should be fine.

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