Auto Refinance might be a great money-saving secret
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.
Auto Refinance, in some ways, is similar to a mortgage refinance. Ideally, you pay off your current high interest loan with a new lower interest loan. The lower interest rate can give you a lower monthly payment, depending on the terms you select, 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, lowering the payment to a level that more easily fits your budget.
What most people don’t realize is that Auto Refinance is a very simple process. Unlike a mortgage refinance, Auto Refinance requires no appraisals or inspections. This is the case because Auto Refinance is not typically based on the value of the car but on the amount of money you need to pay off your current loan. Different lenders may have various lending criteria with regard to the vehicle, such as model year and mileage restrictions.
Contrary to popular belief, people with bad credit can qualify for and benefit from Auto Refinance. There are finance companies out there that specialize in auto lending for people with challenged credit and they can help guide you through the Auto Refinance process.
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 your potential savings. Then you can fill out an application online, which takes only minutes to complete and receive you will receive your results in just seconds.
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.
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!