Car loan refinancing allows you to reduce your monthly payment, lower the amount of interest paid, or a combination of both. With CarFinance.com, you can start the process with our quick, online application.
As long as you have been paying your current car loan and other payments on time, you can be approved for refinancing. At CarFinance.com we specialize in all credit situations, from bad credit to stronger credit profiles, so don’t hesitate to apply today!
Refinancing car loans online when your balance is over $10,000 will yield the best savings. If your current loan is less than $10,000, many lenders will not consider a refinance offer.
Just like your previous car loan application, it is important for you to have proof of income or employment, proof of residence, proof of insurance and proof of identity. Additionally, you will want handy all the details of your car, like its Vehicle Identification Number (VIN), how many miles it has, options and its current condition.
If you have been making your car payments on time since you first purchased your car, you may qualify for a lower rate through refinancing.”
If your car has less than 100,000 miles on it, is no older than 8 model years, and is used for personal or family use, then you’re likely to qualify for an auto refinance loan with CarFinance.com
By terms, we are referring to the monthly payment, interest rate, and your payoff amount. It’s important to know the details of your current car loan so you can compare them to a refinance loan offer.