6 Tips to Lower Your Car Payment Today
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A car payment is an example of a massive piece of the every month spending plan.
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It's important to be strategic about this type of debt.
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Advice on How to Reduce Your Auto Payment
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High Initial Payment
A higher down payment on a vehicle reduces the total amount of your auto loan. Due to a decreased principal debt, your auto payment will be lower.
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Refinance at a Reduced Rate of Interest
If you maintain the same loan period, a lower interest rate may result in a smaller monthly payment.
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Purchase or Exchange for a Cheaper Vehicle
Even if the typical new car costs $41,000, you don't have to spend that much money.
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