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Aboslutely nothing wrong with refinancing to a lower interest rate. However if you extend the term of your loan then you really need to do the math with the lower interest rate because may end up paying more in the long run.
I refi'd my car and dropped 2.5% and added another 8 months to my loan. Total price in the end was the same but it lowered my payments by nearly $100 which at the time was desperately needed.
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Lot's of AMS Goodies
Best 1/4 11.75@121
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