ron.bumpus
Full Access Member
Question... my rate is at 4% for like 7 years. Should I try to re-finance this? My payment is $500 exactly which doesn't bother me, 4% just seems high for a new auto loan with my 800 credit score but I have never bought a new vehicle before or financed.
I would, I just refinanced mine through PenFed, saved about 2.5 points on the interest. over the long term of the loan it's not a lot of money but it's money back in my pocket