FINANCING AND RESEARCH

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Refinancing Your Vehicle Consider the potential benefits of refinancing your vehicle: a lower interest rate, or an extension of your loan payment period.

A lower interest rate could save you a significant sum over the period of the loan. Refinancing can be especially beneficial if your loan is at least 1.5% higher than current market rates. Or, if you want more time to pay, an extension of the loan payment period can also lower your monthly payments. Keep in mind, though, that a longer loan period will result in higher interest charges over time.

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