Refinancing is most related to home loans, so many people don't know that they can refinance their vehicle as well. The process involves taking out a new lower interest loan to pay off their existing loan.
Let us say you purchased your car two years ago and have a rate between 6% and 7%. In those two years, you made all of your payments on time and raised your credit score. You may be eligible for a lower rate. Let us say you can lower it to 4% or 5%. This 1-2% decrease could save you hundreds or thousands of dollars depending on how much you still owe.
If you are ready to take the plunge, we are here to help! If you received an offer from us in the mail, you are already pre-approved.
To begin your online application, please click the link below.
Received an offer? Start Here
Interested in Refinancing? Start Here