Refinancing a Car Loan, IT's Term Paper

Total Length: 393 words ( 1 double-spaced pages)

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Borrowers who focus on the size of their monthly payment may end up paying more in overall interest, and if a buyer can afford to pay a larger monthly payment, by making small monthly sacrifices that can be budgeted with the help of a financial advisor, he or she may emerge the winner from the refinancing bidding wars.

One way to convince a client is to remind the client that a car, unlike a home, depreciates quickly. Homes can increase in value, and often do, but cars, with wear and tear, and the advances in technology usually do not -- something a financial advisor must also remind someone aching to buy a fancy but impractical vehicle, or balking at a good refinancing deal.
The buyer must be aware that he or she may owe more than the car is even worth, over time, and ask if it is worth paying more than the car is worth,….....

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"Refinancing A Car Loan IT's" (2007, November 12) Retrieved May 20, 2025, from
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"Refinancing A Car Loan IT's" 12 November 2007. Web.20 May. 2025. <
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"Refinancing A Car Loan IT's", 12 November 2007, Accessed.20 May. 2025,
https://www.aceyourpaper.com/essays/refinancing-car-loan-34429