DEAL or NO DEAL??? (refinance auto loan)?

Answers:0   |   LastUpdateAt:2012-10-05 04:50:08  

Smith Rai
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I am looking to refinance my car loan , not to save money every month , but to have my car paid off quickly. I'm no math whiz , so I'll let you folks figure this out for me. MedlinePlus MedlinePlus Current loan is $ 277.92/month with 36 months remaining on the loan . The current interest rate is 7.95% MedlinePlus MedlinePlus Refinancing deal is $ 211.79/month for a period of 48 months. The interest rate is 6.04 % . MedlinePlus MedlinePlus If I keep the current loan will only pay the regular monthly until paid in full. MedlinePlus MedlinePlus If I accept the offer refinancing 'll pay the regular monthly payment PLUS $ 80.00 toward the principal each month until the loan is paid in full. MedlinePlus MedlinePlus In which direction will be paid faster? ? ? ? ? ? ? ?

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