What is the best place to go to refinance your car loan to a lower payment?
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- There is no 'best place'. You'll have to shop around, but beware.... most car loans are front loaded so that paying off early to refinance can leave you owing a lot..... a lot more money.
- I went to my credit union.
- A lot of times Credit Unions have the best rates. You will have to become a member, usually by opening and account and keeping a minimum of $5.00 in it. Check it out.
- Mom and Dad.
- Credit unions are always the best. They will beat bank rates every day. You will have to join, but the savings will far outweigh the membership fee.
- Try to refinance at your bank.
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