Auto Refinance is probably one of the best kept secrets for saving money. When most people purchase a vehicle, they sign a loan agreement stating that they will pay X number of dollars for X number of months and that’s it. They very rarely think about their auto loan again. That is, of course, unless their painfully high payment causes them to cringe when writing the check each month.
What most people do not realize is that Auto Refinance is a very simple process that can potentially save loads of money. Auto Refinance works essentially the same as a mortgage refinance. You pay off your current high interest loan with a new lower interest loan. The lower interest rate will give you a lower monthly payment which can ultimately save you thousands over the life of the loan. Aside from lowering the interest rate, Auto Refinance can also be done to extend the terms of a loan to lower a payment to a level that more easily fits your budget.
Unlike a mortgage refinance, Auto Refinance requires no appraisals or inspections. This is the case because Auto Refinance is not based on the value of the car but on the amount of money you need to pay off your current loan. The only requirements might be that the age and mileage of the vehicle meet a certain criteria and that the loan amount is in an acceptable range for the financing company.
Contrary to popular belief, even people with bad credit can benefit from Auto Refinance. In fact, someone with bad credit stands to save even more money by refinancing than someone with excellent credit. You don’t have to be stuck with APRs well above 20 percent because you have less than perfect credit. There are companies out there that can help you through the Auto Refinance process and start saving you money today.
If you are interested in doing an Auto Refinance, your first step should be to visit RoadLoans.com. At RoadLoans.com you can read all about Auto Refinance and use an auto loan calculator to estimate how much money you could save by refinancing your auto loan. Then you can fill out an application online, which takes only minutes to complete and receive immediate confirmation by email.
Once your Auto Refinance is approved, you simply complete the paperwork and return it to RoadLoans using a prepaid UPS shipping label. RoadLoans will work with your current lender to pay off your car loan and transfer the title to your vehicle. That’s it. The next car payment check you write could be much lower than the last one.
Come to RoadLoans for your Auto Refinance needs and experience auto finance made easy.
Car loan & auto refinance experts for people with bad credit. RoadLoans.com provides a car loan calculator and car financing to buy new & used autos. Save money and time and apply online today!
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