How much does refinancing cost out of pocket?

Refinancing entails replacing your current loan with a new one with changed terms. There is no cost to refinancing your automobile unless the lender charges an application fee. Some portions of the process, such as retitling the automobile, may entail a price depending on where you live, but there is no set fee. Depending on how your initial auto loan was structured, specific borrowers may be required to pay early termination costs.

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