Refinancing

Refinancing your car or truck might be one of the best and most important financial decisions you make this year. Let us help you save some money.

Auto Loan Refinancing

How it Works

Auto loan refinancing involves taking out a new loan to pay off an existing auto loan. The new loan typically comes with different terms, such as a lower interest rate or a different repayment period, which can help you save money or reduce your monthly payments.

Reasons to Refinance Your Auto Loan

Pros

Save up to $150 per month*

Potentially skip a payment*

Lower interest rate*

Get a one time cash-out*

Lower monthly payments*

*These advantages and benefits may not be available in all areas and are subject to loan terms and lender approval.

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Reasons to Not Refinance Your Auto Loan

Cons

Hard credit check

Potentially longer loan term

New loan or lender fees

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Have Any Questions?

FAQ’s

Take a look at our FAQs to get answers to commonly asked questions.

How can I calculate my monthly savings?

Click the “Get Started” button and answer a few basic questions to see what your new monthly payment can be. We will calculate your monthly savings for you and will give you call to let you know how much you can save.

How long does it take to refinance my loan?

The entire process can take anywhere from a few days to a few weeks. The time it takes to complete will depend on your unique situation and the lender selected.

Can I skip a payment?

Many people are able to skip a payment when they refinance their auto loan. Click the “Get Started” button and complete the form to see if this is an option for you.

Can I take cash out when I refinance my loan?

If you have significant equity built up in your car or truck you might be able to do a Cash-Out Refi. This means the lender will send you a check after your new loan has been accepted and completed.

What are new loan and lender fees?

While our company doesn’t charge any additional fees, many lenders will charge application and processing fees. These fees will be fully disclosed to you so you can decide whether or not a new auto loan is the best choice.

Will a hard credit check affect my credit score?

A hard credit check can lower your credit score by as much as 10 points. However, most people will notice that one additional hard credit check will lower their score by 5 points or less.