The pro of auto refinancing is that a lower rate will be paid on the loan, but the main con is that the car is getting older and less valuable. Refinancing may also lead to paying more interest on the loan. Avoid refinancing a car loan unless the interest rates are at least 2 percent different with tips from a registered financial consultant in this free video on auto loans.
Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC
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