Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > REFINANCING A CAR AND WHAT YOU SHOULD PAY ATTENTION TO
    Finance

    REFINANCING A CAR AND WHAT YOU SHOULD PAY ATTENTION TO

    Published by Gbaf News

    Posted on December 12, 2012

    3 min read

    Last updated: January 22, 2026

    Image showing car keys alongside financial documents, symbolizing the process of refinancing a car loan. This visual emphasizes key considerations and benefits of car refinancing discussed in the article.
    Car keys on a financial document representing refinancing options - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Refinancing A Car And What You Should Pay Attention To

    Refinancing A Car And What You Should Pay Attention To

    Refinancing a car is a good option for those who are looking for a solution; however you should keep a number of things in mind. It has a number of advantages as well as disadvantages that depends on the financial as well as individual situations. For this you should try knowing about the pros and cons of any financial decision you make.

    v  Advantages of refinancing car loan

    With the refinancing a car, you will get a loan that can provide you with a number of advantages this may include the followings.

    • Interest rates are negotiable that means you can get a lower interest rate. This makes refinancing of a car the best option. This is also a good way out for those who have a bad credit history. This is a recommended thing for those who have a bad credit as this can help them.
    • You can get more money by refinancing. This means that if you owe less money in comparison to the price of your vehicle, then you can get more money out of your car. That means you can get a few extra dollars for your other financial needs.
    • The time of the loan is extendable that means you can lower the amount you have to pay by extending the amount you have to pay back to the lender.

    v  Disadvantages of refinancing car loan

    With advantages, there are a few disadvantages associated with refinancing a car loan. A few and important ones are listed so that you should know all about this type of loans.

    • Check using a loan calculator that if you are getting an extended loan is it beneficial for you or not. This means if you lower the amount you pay each month you have to pay the same interest rate every time you pay back. This implies that you have to give more interest over the length of the loan you select.
    • You should consider all other options you have before you go for a refinancing car loan. Because of this you have to take care of all the interest rates that are available also you have to take care of the budget your own finances are allowing you to have.

    Refinancing a car is a good idea, but one should know all the minute details about this type of loans. A good loan should have a short term with low interest rates. Better ask and check all the refinancing a car loans policies before selecting one for yourself.

    More from Finance

    Explore more articles in the Finance category

    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty  
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty  
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US wants Russia, Ukraine to end war by summer, Zelenskiy says
    US wants Russia, Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    View All Finance Posts
    Previous Finance PostThe state of global card fraud and how to reassure your customers
    Next Finance PostGULF INTERNATIONAL BANK RAISES US$500 MILLION THROUGH A SUCCESSFUL, OVERSUBSCRIBED BOND ISSUE