🔧 How This Calculator Works

This Auto Refinance Estimator helps you see how much money you could save by refinancing your current auto loan. It compares your existing loan details with a new refinance offer and breaks down monthly savings and total loan cost difference.

📊 What It Calculates:

• Your current monthly payment

• Your new monthly payment after refinancing

• Monthly savings

• Total savings over the life of the loan

This gives you a clear side-by-side comparison to decide if refinancing is worth it.

👤 Who This Is For

This tool is ideal for:

• 🚘 Car owners paying off an auto loan

• 💳 Drivers with improved credit since they got their current loan

• 💼 People exploring lower interest rates or better terms

• 📉 Anyone looking to cut down on total interest or monthly payments

💡 Why Refinance?

• Interest rates might be lower now than when you bought your car

• Your credit score might have improved

• You want to lower monthly payments or pay off the loan faster

• You want to roll fees or insurance into the loan

This tool helps you calculate and compare that with confidence.

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⚠️ Disclaimer

This calculator is provided for educational and informational purposes only and does not constitute tax, legal, or accounting advice. The results are estimates based on current (2024) IRS guidelines and may not reflect your unique financial situation. Always consult with a licensed CPA or tax professional before making financial decisions or purchases based on tax benefits.