Refinance Your Vehicle Loan
Loans can be confusing, and we're here to set the record straight. When it comes to refinancing your car loan, there are some important factors to consider. Refinancing can often make your total monthly expenditure less, and sometimes even get you into a newer and more exciting vehicle at the same time! Depending on how old your vehicle is, your payments, and rates, refinancing might be able to help. We're happy to have a member of our experienced finance team work with you to see if refinancing can help!
WHEN TO REFINANCE YOUR AUTO LOAN:
Auto refinancing is in order when you feel you can:
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1. Reduce your payment |
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2. Reduce your interest rate |
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3. Reduce/extend your loan term |
WHAT OTHER FACTORS TO CONSIDER:
The hard truth is that lower payments can be achieved by financing or leasing a new vehicle, as pricing and interest rates are considerably lower than refinancing is. Not to mention your vehicle is covered under warranty for most service repairs. If you have owned your vehicle for more than 2 years, please tell us!
