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9 common mistakes to avoid when you finance a car

Mediafeed Logo By Rachel Morey of Mediafeed | Slide 1 of 11: Getting stuck in a car loan that doesn’t fit your budget or paying a sky-high interest rate takes a lot of the fun out of owning your vehicle. One way to solve the problem is by refinancing your auto loan. Of course, like all financial matters, this one comes with a few pitfalls.Taking a few minutes to educate yourself about the most common auto refinancing mistakes people make is a smart way to get through the process without paying more than you have to for your new loan.While there aren’t statistics about the most common auto refinance mistakes, there are a few missteps that are easy to make if you simply don’t know better. Here are some common “don’ts” you need to understand before you sign the paperwork on your new auto loan.

Don't let these things happen to you

Getting stuck in a car loan that doesn’t fit your budget or paying a sky-high interest rate takes a lot of the fun out of owning your vehicle. One way to solve the problem is by refinancing your auto loan. Of course, like all financial matters, this one comes with a few pitfalls.

Taking a few minutes to educate yourself about the most common auto refinancing mistakes people make is a smart way to get through the process without paying more than you have to for your new loan.

While there aren’t statistics about the most common auto refinance mistakes, there are a few missteps that are easy to make if you simply don’t know better. Here are some common “don’ts” you need to understand before you sign the paperwork on your new auto loan.

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