Just did a refi on my gf's car loan. Saved about 3% and $30ish a month.
If she wasn't so upside down on the loan it would have been cheaper to trade in on a new car with all the rebates and 0% interest.
Yeah, that's the way to go. I saw that Chevy is doing a 0% loan for like 84 months right now...like what?!
Chevy can make something that lasts 84 months? That must be a recent development.
They don't have to be above 4%, but most of the fixed rates are in the 3 to 5 percent range right now, so just thinking about savings.
In my case, my old rates were around 6% and my new rate is at 4.28%. I also changed the term and will be paying the loans off much earlier than before.
Best bet is to just go plug your info into the website I linked above and it'll show you how much you'll save with various options. You also have the option of fixed and variable, just keep in mind that variable is tied to Prime or LIBOR and will go back up whenever rates rise.
Great for you AutinBR -- I'm an old-timer and graduated before all the big student loans.....I joined the military to help offset the cost of undergrad degree......then the military paid 100% for my Master's Degree.....then they sent me to all over the world....including such awesome places as Iraq & Afghanistan. BTW, I only gave those places 1 star on Travelocity!
Dang, $20k. I am so glad I did not take out loans for college. I joined the Army National Guard for 6 years and they paid for my college education.
Dang, $20k. I am so glad I did not take out loans for college. I joined the Army National Guard for 6 years and they paid for my college education.
Yup, I didn't take any loans in undergrad, but it wouldn't have been easy to work full-time in grad-school and do well. A decent chunk of my MBA loans were from taking two international trips (as part of the program). I'd do it again in a heartbeat.