How much can I save by refinancing my auto loan?

Refinancing your auto loan may provide a great opportunity to Shrink My Debt. By trading in your current loan for a better loan, you may be able reduce your rate and lower your monthly payment. Use this calculator to determine how much you can save by refinancing your auto loan.
Assumptions
Current loan balance ($) 
Current interest rate (%) 
Current monthly payment ($) 
Auto type (New=2014/2015 models) 
Estimated credit range 
Proposed interest rate (%) 
   

See Today's Auto Loan Rates

Credit bureaus and financial institutions each calculate credit scores in a variety of ways and for their own purposes; therefore, there is no guarantee that your actual credit score(s) are calculated by these financial institutions will fall within the estimate or estimated range provide by this tool. Prior to making any financial decision involving your credit score or such an estimate, you should obtain your actual score(s) from appropriate credit bureau.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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