How do I know what interest rate I’m paying every month on my car loan? I want to compare it to other places and see if I’m paying too much, but I don’t remember what the percentage is.
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s wise of you to look around for ways to save money on your car loan! You can find your interest rate on your loan contract, on your loan’s online portal, or you can ask your lender. Your lender is legally obligated to disclose this information to you.
Shopping around with multiple lenders is a good way to make sure you’re getting the best interest rate. You can get preapproval as a rough ballpark for what your new interest rate will be when you
. No matter what your credit score is, Jerry makes refinancing your car easy by comparing quotes from multiple lenders to find a rate that works best for you. On average, car owners pay $85 less every month by refinancing their auto loan.
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