Should people opt for auto loan refinance?
It depends on a person’s credit and financial position. There is a now aggressive competition in the market to get new customers by automotive lenders. A lender applies interest rate on the basis of an applicant’s credit position. When a person pays his loan installment regularly it improves his credit rating. This enables him to get future loans on better terms and rates.
There are many lenders in the market that offer hassle-free procedures for auto refinancing. I think consumers should take advantage of their offers. They can save a reasonable amount of money this way.