What Could You Do With an Extra $150/Month? How Auto Refinancing Can Free Up Your Finances

Dakota DeRego
Jun 17
2 min read

Every month, millions of Americans unknowingly overpay on their auto loans — simply because they financed through the dealership. But what if you could refinance that same loan and instantly lower your monthly payment? Most borrowers save an average of $150 per month through refinancing. That’s not just pocket change — that’s powerful financial freedom.

Free Up Your Finances: Think about it: what could you do with an extra $150 each month?

Real-Life Uses for $150 a Month

That monthly savings can make a real difference in your day-to-day life. Here are just a few ways you could put that money to good use:

🛒 Groceries: Feed your family without cutting coupons every week
🧸 Daycare or School Supplies: Help your kids learn and grow without stretching your budget
💳 Pay Down Credit Cards: Knock out high-interest debt faster
🚗 Car Maintenance: Save for oil changes, tires, or unexpected repairs
🏦 Emergency Fund: Build a safety net one month at a time
☕ Quality of Life: Enjoy a few guilt-free coffees, dinners, or date nights

As Warren Buffett said:

“Do not save what is left after spending, but spend what is left after saving.”

Why Refinancing Makes It Possible

Refinancing your auto loan means replacing your current loan with a new one — ideally with a lower interest rate, a longer term, or both. By doing this, you lower your monthly obligation without trading in your car. Here’s how the math works:

Original loan: $28,000 at 9% APR = ~$584/month
Refi loan: $28,000 at 6% APR = ~$434/month
Monthly savings: $150

And if you’ve made payments for a while, your refinance loan will be for a lower amount, which could drop that payment even more.

Saving Money Is Easier Than Making More

You don’t need a second job to find financial relief — just a better interest rate. Many Americans spend years chasing higher income when the smarter move is to cut hidden costs.

Refinancing takes less than 30 minutes
No change to your vehicle or insurance
Often no upfront costs or fees

As Benjamin Franklin famously said:

“Beware of little expenses. A small leak will sink a great ship.”

More Flexibility, Less Stress

Refinancing doesn’t just save money — it creates room to breathe. Whether you're covering monthly bills, planning a vacation, or just trying to reduce financial anxiety, that lower payment can transform your mindset.

Fewer missed payments = Better credit
Less interest paid = More savings for you
Reduced monthly stress = Better sleep and health

In the words of Dave Ramsey:

“A budget is telling your money where to go instead of wondering where it went.”

Bottom Line: It’s Time to Take Control

If you're feeling the pinch in today’s economy, start with your car loan. Refinancing can unlock hundreds — even thousands — in savings over the years. And the best part? You don’t have to change your car, just your rate.

📞 Ready to see your savings? Contact us today or start your application online in minutes.

Let your money work smarter — and finally start working for you.