Hey guys,
So I'm currently going on Year 3 of a 5 year car loan. I've kept the car in pretty good condition and I'm considering refinancing to a new 5-year loan to drop my monthly payments.
I got my current car loan from my dealer at ~4.0%. My insurance company, State Farm, is also offering me refinancing options, although that sounds like a bad idea.
Anything I should know about refinancing, anything I definitely should not do?
also, how long will you extend it? you probably dont want to extend it longer than the expected life of the car.