Dear Driving for Dollars,
Is it possible to lower my monthly car payment without extending the terms? I have good credit.
-- Pat

Dear Pat,
It is possible to lower your monthly car payment by refinancing the car loan. Refinance rates have dropped quite a bit over the last six months. The national average was recently 2.44% for a 36-month loan, so chances are good that you could lower your interest rate, assuming you've had your car loan for a while.