Talking Money: Got good credit? Refinance your car loan

Jean Chatzky, official Money Coach for AOL and personal finance editor for NBC’s “Today” show, talks about the money found from refinancing your car loan.

“Have you ever thought about refinancing your car loan? With interest rates as low as they are right now, you probably should. Because unlike a mortgage refi, which is a big investment of both time and money, a car loan refi is fast and cheap — under $100 (and sometimes much less) for the title-transfer fee.”

Chatzky references recommended by Lowell Bike, of MyAutoTips, as the best way to find the best rates when lowering your car payment.

Has your credit score improved since you purchased your vehicle? Now’s the best time to see if you can lower your car payment with a refinance at MoneyAisle.

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