It is important that you maintain your credit history as spotless as possible. Ensure that your credit rating is good. Bad credit may result to one being denied any credit services. You need to clear your debts long before you get to some more debts. Sometimes you may find errors in your credit report or your credit reporting agency may by mistake report that you have bad credits while you do not have. It is important that you clear the mistake first before you apply for an auto loan.
Refinancing your current car loan will help you economize. First, it helps you to lower your car loan payment that is done mostly done monthly.