Refinancing Loans

Resolving an argument – car loan refinancing make large payments actually AFTER?

If you are thinking about refinancing your loan car in a few months (at a MUCH lower interest rate) what is the logic in paying a great deal of money now for the company that maintains interest high loan right now? Seriously, I'm missing the logic here. Would not it be smarter, if you have a piece of money (which is equal to three high payments interest rate car loans), why not just make your normal payment for the coming months, the refinancing at the lower rate and then pay good amount of money?

Modern car loans reputable financial institutions should be done with simple interest – you pay a portion of interest payment and part is the principal each month. That said, EVERY DAY THAT HAVE money loaned to a higher interest rate, IT is costing you more interest. Do large payment at the higher interest loan now and next month is paid towards the principal, and a month after you pay more toward principal. But when it's time to re-finance, you need not take as big of a loan, which in most cases reduce lending rates and taxes that were charged, and to continue that on a smaller loan lower interest rate.

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