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Car Refinancing – Frugal Novice

Car Refinancing

I have heard a lot of people talk about refinancing their mortgage lately, I guess because of interest rates being lower. I don’t think we’ll be at our current house long enough to make that a smart choice for us. I had never heard of car refinance before, though. We typically buy cars that are fairly inexpensive and try to get the best interest rate possible, but I could see how if I had gotten a really bad interest rate it might be worth it to refinance my car and try to end up paying less interest overall.

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  • Carli January 20, 2011 at 11:30 am

    Hmmmm. I didn’t know people did this either. I don’t think we’ve ever bought a car that we couldn’t pay off within a year though.