Does Refinancing Start Your Auto Loan Over? – Shannon Bradley

Refinancing starts your auto loan over. When you refinance your auto loan, you choose a new loan that has a different rate and term; that new loan replaces your current loan. Refinance terms offered by lenders most commonly are from two to seven years. Although refinancing starts your loan over, you can choose a new…

Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com.

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