How can I lower my car payments?

There only one possible way to lower car payments — refinance your loan. Refinancing is simply a way of getting a new loan to pay off an old loan. Refinancing can result in smaller car payments if the amount of the loan is substantially smaller, if the interest rate is lower, and/or if the term (length) of the loan is extended. However, if you are “upside down” on your old loan, it may not be possible to get a new loan unless you have cash to make up for the negative equity.

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Used Car Guide – Expert Tips and Advice for Smart Buyers