Paying off a car loan can be daunting. However, there are ways to lower your car payment, according to The Penny Hoarder.
The main way to lower your car payment (and maybe even your interest rate) is to refinance your auto loan. Other ways you could possibly lower your car payment include:
- Renegotiating your car loan
- Selling the car
- Trading in the car
- Making extra payments
- Making larger down payments
- Renting out the car
How much is your monthly car payment? Are you in the market for a new vehicle?