Should I refinance my auto loan at a lower rate?

Without increasing the term remaining on your existing loan, you will be able to save interest with a new loan at a lower rate. Use this auto refinance calculator to determine the monthly savings that could be realized by refinancing your auto loan at a lower rate yet keep the same remaining term.
Assumptions
Current loan balance ($) 
Current interest rate (%) 
Current monthly payment ($) 
Proposed interest rate (%) 
   
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