u/FenrirHere

I've started getting mail for the last couple months about refinancing my civic at a lower interest rate. My payment is around 620 a month, and I've received some offers that say it will get brought down to around 400 a month.

Are there any downsides to doing this, or is it literally just saving money for me?

This is my first time owning my own car, and first time having a vehicle note, so this is all new to me.

Thanks!