Hello I'm currently in Kuwait, doing a 90 day deployment for the US Air Force - so I don't have alot of time to research this subject, unfortunately. So, I thought I might post my pridicament here, and see what kind of responses I get before making a final decision. I purchased a 2001 Nissan Pathfinder on Jan 6, 2001. Love the truck! No problems whatsoever! I put down a pretty big chunk of cash for the down payment ($12,000+)...and finacnced the remainder ($20,000 exactly) via my bank (USAA) for 5 years (60 months) with an APR of 8.75%...this made my payments out to be $413.56 I am now 1 1/2 years into making these monthly payments with no problems whatsoever. Just recently, I received an email from my bank saying that I was pre-approved for a new car loan up to $35,000...or a loan allowing me to refinance my current loan at a much lower APR. The rates would now be: 6.50% for 48 months or 6.25% for 60 months So, what do I do? I really don't mind making the current payments at the 8.75% APR...and I have 3 1/2 years (42 months) remaining on this current loan. Should I refinance and go for the 6.50% for 48 months (adding 6 months more of payments) but lowering my APR by 2.25% ? I really don't like adding additional months to the loan period....Sure, my payments would drop a little (not sure quite how much though?)...as I would like to get this vehicle paid off ASAP. But would I be actually paying less for the vehicle in the long run by refinancing now? Thanks for any/all the help and or pointers you can give me. I have just 4 more days to decide to accept the loan or decline it. Best Regards!