Never refinanced, never had a car loan before this current one, currently have a loan through my credit union for 6.21% with 45 months left, total interest of 1403, monthly payment of about $440.
Autopay offer on credit Karma for 4.9% for 48 month term, total interest of 1500, monthly payment of $330.
Is autopay reputable? Do they charge a fee for the loan etc. Is there any reason not to refinance this? $100 more interest and longer loan term are my only thoughts. I pay over the minimum monthly anyway to pay it off faster.
original posted by RyhDerr to r/personalfinance on Fri, 22 Mar 2024 11:54:12 GMT.