Car refinance customers save an average of $97 per month. These savings reached an all-time high rate in 2021. They saved $1,158 on average per year, which is 16% higher than the previous year. About 56% of the borrowers made savings of between $50 and $149 on their auto loans per month. Moreover, the number […]
If you have recently taken out an auto loan and are wondering whether you can refinance it, you are not alone. Many people apply for car loan refinancing early in order to get lower interest rates or lower monthly payments by extending their loan term. But can you even refinance a car that you have […]
If you’re thinking about refinancing your car loan, you’re probably hoping to lower your monthly payment. Refinancing your auto loan can help bring down your monthly costs or reduce your interest rate. Be sure to crunch the numbers before applying in order to find the best deal for you. Here are a few tips to […]
We all have the tendency to land bad loans at some point in time. For the most part, it’s the lack of experience, but sometimes unfortunate circumstances can also dig in. No matter what pushes you to pursue an auto refinance, remember that you must consider the pros and cons associated with it before making […]
If you’re in hot waters financially and aren’t able to figure out the source sucking up all your money recently, you may have been looking in the wrong places. A bad auto loan eats up your savings in the most unobvious of ways at times. However, is there a way to bring some big money […]
Did you recently finance your dream vehicle and get yourself into financial shackles shortly after? It’s common for people to experience monetary pitfalls, especially when they pursue serious decisions, such as purchasing a car, with poor planning. However, there’s a greater chance there may be factors involved beyond your reach. Hence, if you’re falling short […]
The growing financial strain due to the pandemic has left many people in a pickle about auto refinancing. Is it a good time to refinance a car? Well, here’s the deal. If you’re financially stable and have a decent credit score, now may be a good time to refinance an existing auto loan and secure […]
Before we get to car refinance, it’s important to understand what score you need to finance it in the first place. Generally speaking, a score above 650 is ideal for getting you good terms and a reasonable interest rate on a car loan. However, anything lower than that is also acceptable depending on who the […]
Choosing a good auto refinance company is not complicated when you know what factors to consider. Here are some of them. Types of Lenders Various platforms such as credit unions, banks, and online refinance companies have different lending criteria. Credit unions, for example, have a membership fee, and only members are eligible for refinance. But […]
Refinancing your car requires a thorough analysis of all the costs and benefits associated with it. Listed below are some pros and cons of a potential car refinance. These will help you determine whether it’s a good option for you or not. Pros Lower Interest Rate Getting a lower interest rate is one of the […]
