There are only three reasons why you should refinance you car:

Credit card debt is a growing problem, with several companies reporting over 50% of their accounts being 90 days or more past due. If you are one of those people who have overextended yourself with credit cards and can't figure out what to do, a credit card loan consolidation program might be just what you need.

Today, many manufacturers like GM are offering car buyers great deals, however not only are GMAC offering their borrowers 0 percent loans but ones that come with a reduced rate as well. However such financing will often be limited to those people who they consider to be credit worthy. But as well as reduced rates of interest they offer a number of different incentives including cash back to their customers as well.