Let’s start first with the basics of understanding what an interest rate is. The interest rate is the rate at which a lender will charge for you to borrow the funds from them. This rate is a percentage of the loan amount, so the amount you pay in interest will be based off the principal balance of the loan.
Shopping for a new car can feel overwhelming, especially if this is your first time buying a car. You may have already spent time researching cars and know a little bit more about what you’re looking for, so it’s time to start exploring how you’ll finance your car purchase. We’re here to help you learn more about auto loans and help you through the process.
If you’re feeling stuck in your car loan, it could be for a variety of reasons and we're here to help! Before refinancing your car loan, it’s important to make sure that it will be beneficial for you. There are several factors that can make or break your decision, so now is the time to review and compare to see if refinancing can save you money or improve your terms. Here are some of the reasons that you may want to refinance:
