Is it worth the hard inquiry to refinance auto loan?
Wanted to get others opinions on if I should refinance my truck or not if it’s worth the hard inquiry to save interest and pay it off quicker
More details my current loan is at 6.19% and I have about 54 months left at 568 a month but I’ve been paying 300 every two weeks so I’m ahead by two months due to daily interest savings
But I can pony up the extra 66 a month to pay it off with the 43 month term about 9 months early. Just not sure if saving 1% interest is worth the hassle
Wanted to get others opinions on if I should refinance my truck or not if it’s worth the hard inquiry to save interest and pay it off quicker
More details my current loan is at 6.19% and I have about 54 months left at 568 a month but I’ve been paying 300 every two weeks so I’m ahead by two months due to daily interest savings
But I can pony up the extra 66 a month to pay it off with the 43 month term about 9 months early. Just not sure if saving 1% interest is worth the hassle