How can I save money refinancing my auto loan?
I guess I am asking how does a refinanced auto loan work.
Obviously you have your initial loan plus interest. But when you refinance does that equal: Your initial load plus the original interest plus the new interest? Or your initial
When you refinance, basically you are taking out a new loan to pay off the old loan. So, your old loan no longer exists. Your new loan will consist of the balance you owe on your old loan, plus the interest accruing over the term during which you pay
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