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Car refinancing: Risks & benefits of auto loan refi
You're looking for some extra cash, and you see the ad on TV: Refinance your car and save money, or just lower your monthly payment by extending the length of your loan. Question is, is it really a good idea? Before you refinance, it's important to understand that a positive tool like refinancing can be used in shortsighted and reckless ways.
By Colin Bird
March 27, 2012