My current remaining balance is $16,322.00. APR is 16.25%, and the remaining term is 43 months. The current monthly payment is $518.17.00.
I do plan on trading in my vehicle soon, it’s a 2016 Jeep Renegade with a little over 50,000 miles.
I have been pre-approved for refinancing with the following terms:
monthly payment: $474.00
term: 43 months
I’m also trying to build my credit, so I wouldn’t want it to cause a significant decline in my credit score.
I’d appreciate any advice.