![]() If you want to lower your monthly car payments, you can extend the loan for more months, but you will pay more in interest over the life of the loan. It will also mean you pay less in interest. New loan term: If your goal is to pay off the new car loan faster, input fewer months than you have remaining on your existing loan.Refinanced loan amount: This is the amount you want to borrow to pay off your existing car loan.Months left on current loan: How much time is left before your car loan matures. ![]()
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