How friendly refinancing

The auto refinancing process is fairly similar to the mortgage refinance process. Basically, you obtain a new loan at a lower rate to replace your first loan. A few years ago, auto refinancing was pretty rare. Now that interest rates have dropped dramatically, auto refinancing has become increasingly popular. If you decide that you want to refinance your loan, look online and with your local credit unions to see what rates you could obtain. Apply for a no obligation auto refinance quote online to see what rates are available today.