I’m thinking about refinancing my auto loan. My original loan breaks down as follows:
Original start: August of 2008
13k loaned
7.9% interest
50 month term
my new interest rate would be 3.7%, my current principal is $8500. How much money in interest will I save if I switch?
New term will be 36 months
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What was you original loan amount. It is a pain in the neck to use most loan calculators without that number.
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