 TITLE: Which Loans Should I Refinance Right Now? CONTENT: Consider Refinancing Auto Loans\n-------------------------------\nFiguring out if refinancing an auto loan makes sense will be easier than the mortgage calculation because auto loans generally don't require closing costs or origination fees. If you can qualify for a lower interest rate than your current loan, refinancing an auto loan probably makes sense. But there are a few caveats.\nIf your current auto loan has a prepayment penalty, consider the extra expense and compare it to the potential savings.\nAlso, run the numbers if you're thinking about refinancing with a loan that has a longer repayment term. You may wind up with a lower monthly payment but pay more interest overall. That's not necessarily a bad thing if you need the extra money today, but know what you're getting into before signing a contract.\nTo learn more about the potential savings you can realize by refinancing, explore your auto loan refinancing options with Experian partner RateGenius. END