When you refinance your vehicle our lending partner will pay off the auto loan you have with your current lender. Your loan will then be taken over by the new lender lowering your payment and/or rate. It is a relatively quick and easy process, and we try to do all the legwork for you.
We specialize in helping consumers that have both good credit and too high of an interest rate on their current auto loan.
If you received a notification in the mail it is likely that you have an interest rate that is extremely high in relation to your credit score.
No. There is not a fee for calling in or filling out an online application and allowing us to provide you a rate quote for refinancing your vehicle.
It generally takes about 24 hours for us to let you know the new rate.
The amount you save by refinancing can vary based on: the balance of your current auto loan, how much lower your new interest rate is compared to the old one, any changes in the loan term etc. Upon approval, you will receive customized information relevant to your loan situation.
There are no prepayment fees. You may pay off either a portion of your loan or the entire amount at any time without incurring any fees or penalties.