Refinance Auto Loans at Car Deal Expert
Is your current auto loan a financial albatross around your neck? What would you say if I told you that you could quickly and easily slash thousands of dollars from what you owe on your car?
“Sign me up!”
That’s what you get when you refinance your auto through Car Deal Expert. Whether you have good or not so good credit (even next to no credit), you can apply for auto refinance loans in the time it takes to fill out a brief online application. And you can do it all from the comfort of home!
Auto Refinance Loans are for Anyone Who Wants to Save
You don’t have to settle for the lemon loan you got through the dealership. Apply today for an auto refinance loan at Car Deal Expert are see whether or not you save a bundle.
An auto refinance loan works a lot like home refinancing. Upon approval, the new loan pays off what’s left of the previous lemon loan. This puts you in the driver’s seat when it comes to paying down what was previously a monster loan. Even a couple of percentage points difference in APR can pay you huge dividends over the life of the loan. Save thousands and decide what you’ll do with all the extra cash in the bank.
Refinance My Auto Loan? Yes, Please!
Once upon a time, a lender approved you for an auto loan. It wasn’t the greatest loan in the world, however, so you find yourself in need of some relief today. This is where Car Deal Expert comes in like the cavalry. You may qualify on your own, or you may need a co-signer. Either way, the potential for tremendous savings is just mouse clicks away, which is exactly what you want when you say “I want to refinance my auto loan.”
Here are some hypothetical numbers to prove Car Deal Expert’s point. Let’s say you owe $16,500 on a 60-month automobile loan. If problem credit led you to accept a loan with 21 percent APR, you’re on the hook for $10,282.83 in interest alone. That is a staggering amount of cash, and you have only yourself to blame. If you apply at Car Deal Expert and receive a seven percent loan (amount will vary by lender and your credit situation), you’ll be lowering your monthly payment from $446.38 to $330.63 and paying only – wait for it – $3,337.57 in interest over the life of your auto refinance loan. That’s $6,945 back in your pocket!
Get an Auto Refinance Loan Without Appraisal
When you refinance a home, an appraisal is required. Not so when you refinance an auto through Car Deal Expert. Lenders who work with us look at how much you have left to pay and your current credit picture. Here are two general guidelines to help determine whether you’re in a good place to refinance your vehicle:
- Your FICO score is at least 550
- You owe $7,500 or more on the previous loan
Make Sure You Know These Things When You Apply For an Auto Refinance Loan
- Spell all names from the old loan properly – errors can mean rejection
- Have the numbers ready, including the VIN and the previous loan number
- Not to try to refinance for more than you need to pay off the old loan – creating a debt cycle is not advisable
“Can I Apply to Refinance My Auto Loan?”
Excellent question. The answer is yes if you meet these requirements:
- Be 18 or older
- Earn $1,500 or more monthly
- Be employed for the past six months at least
- And free of bankruptcy