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Things To Avoid When Refinancing Your Car Loan

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Things to avoid when refinancing your car loan. 


With living costs rising and household budgets getting tighter, many Australians are looking at ways they can save on costs.


Given that car loans are usually a big part of most Australians’ budgets, it’s important to find ways to get the best loan you can. If you’re looking to compare your options,

Here are some things you should try to avoid doing, when refinancing your current car loan:

  



Did you know

With our in-house mortgage broking division we bridge the gap between the countless phone calls and emails between lender and accountant making your refinancing and borrowing much less stressful.

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Before refinancing your car loan, speak with a finance broker to help determine
whether the potential savings or benefits outweigh the costs.

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5 things to know about car loan refinancing

Car loan refinancing involves replacing your existing car loan with a new one. The new loan pays off your existing debt, allowing you to start making payments on the refinanced car loan.