Stay on the Scene With AMC. Movie lovers, get first and behind-the-scene previews of upcoming films, exclusive interviews, and more on our blog. Be in the know before anyone else! Check out what's new this week on AMC Scene.
A true no-cost refinance means you pay no money upfront and neither your loan amount nor your interest rate is increased to build any costs into your new loan. To calculate a break-even point, divide the anticipated total cost of your refinance by the monthly savings on your loan payment.
Do not refinance your auto loan, however, if: 1  There are prepayment or other fees associated with paying off your loan early or switching over to a new lender. 2  These fees make it financially onerous to refinance, which is why they exist in the first place. 3  Refinancing would extend the life of your loan.