Secret way of benifits

Auto loan refinancing is also a good option for people who have had credit problems in the past, and ended up paying a high interest rate on their loan. Most people don''t realize there are banks willing to help customers lower their car payments, even if they have credit problems. For someone with a high APR (annual percentage rate), this could mean a savings of thousands of dollars.So how does it work? Basically what happens is the new lender takes care of the difference of paying off the original interest rate, while you continue paying the car off to them at a reduced rate. The title to your car is then transferred to them, and the time it takes you to pay off the ever-increasing cost of owning an automobile these days is drastically reduced.