2010 Fall Car Guide
Couple in car
auto
When your car loan is killing you

Refinance your car loan
Next
4 of 8
Back

Extending your car loan is a realistic way to solve the problem, says Williams. Or, you can ask your lender if it will allow you to move two payments to the end of the car loan's term.

According to Fix, car loans can be refinanced in some cases. To see if you can get a lower interest rate than what you have now, visit Bankrate.com and see what lender is suggested. The refinance application will ask for your pretax income, your current monthly payment and the interest rate you're now paying.

"If you owe more on the car than what it's worth, refinancing isn't possible," says Fix.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Holiday travel makes big jump

AAA says there will be a big jump in holiday travelers this year. with the biggest increase in holiday travel since 2009.  ... Read more


Connect with us