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When people think of refinancing, they usually think of their home. We're going to give you 4 reasons to think about refinancing your car. Shopping around for a better rate could save you hundreds of dollars each month and probably thousands of dollars over the term of your loan. Who wouldn’t want a little extra cash and lower car payments? With auto loan rates as low as a school-zone speed limit, now is the time to think of refinancing. The process is quicker and easier than refinancing your home mortgage or consolidating your credit card debt. So how do you know when is the best time to refinance your car? Here are four questions to help you decide if refinancing may be right for you. If you answer “Yes” to any of these, it’s probably time to refinance your car. Are your car payments stressing you out? If money is tight and you find yourself struggling to make your monthly car payments, it’s time to look into refinancing. Many lenders can help you get into a loan with a monthly payment that is workable, without stretching your budget. Wouldn’t that be a relief? If you are having current financial problems, refinancing your auto loan can help. Has your credit score improved?

Most people aren’t what might be called perfect borrowers. Some may still be pulling their credit back from the brink after a job loss. Others may be self-employed, with income that varies a lot. Whatever the reason, not everyone can qualify for those enticing 0% car loans pushed by dealers. But there are reasonable auto...