Ways to Lower Your Monthly Car Payment
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Refinancing your car loan could lower your rate and monthly payment, but timing matters—your credit score needs to be in good shape. Another route: extend the loan term. Stretching from 60 to 72 months reduces each payment, though you'll pay more interest overall. If you're not underwater on the loan, selling and buying a cheaper car might actually save you more each month. Even boosting your down payment or trading in a vehicle for something modest can make a real difference.