LAS VEGAS-One Nevada CU offered this Top 10 list of auto loans it has refinanced for people.
* Old interest rate, 8.00%; refi at 2.98%, for a savings over the life of the loan of $659.
* Old interest rate, 17.00%; refi at 7.99%, for a savings over the life of the loan $3,269.92.
* One refi resulted in a savings of $22 a month, or $1,320.00 over life of the loan.
* Old interest rate, 18%; new interest rate 2.98%, decreasing payment from $561.30 to $230.12.
* Old interest rate, 20%; new rate, 2.98%; decreasing payments from $385.00 to $121.00.
* One loan at 7% was reduced to 2.98%, reducing payment by $100 per month.
* One loan's rate was reduced from 12% to 2.98%.
* Old interest rate, 18%; new rate 9.25%; reducing payment from $640 monthly to $456.
* Old interest rate, 5.75%; new interest rate 2.98%, reducing $280 payment to $215.
* Old interest rate, 6.7%; new interest rate, 2.98%; reducing member's payment by $90.18 monthly.
