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When you refinance a car loan does the new loan start from the beginning?

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asked Feb 23, 2018 in Credit by wimpled (280 points)
When you refinance a car loan does the new loan start from the beginning?

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answered Feb 23, 2018 by Christeen (70,120 points)
When you refinance a car loan then a new loan will begin with new terms and interest rates.

It's basically a new loan when you refinance a car. So yes the car loan will begin from the beginning again with new terms.

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