When I first bought my car, I was thrilled to get such a deal on it. But I didn't pay enough attention to the financing side of things, so just a few weeks later I was ready to refinance my car. I had haggled the dealer down to the point where I thought I was getting a screaming deal. But I paid a lot more attention to the "purchase price" and not enough to the interest rate. Amazingly, getting the wrong financing can actually wipe out any savings you were able to get by driving a hard bargain with the… Read More

With interest rates dipping down again, it's impossible not to think about doing an auto loan refi or vehicle refinancing. It just makes sense. If you can get a better interest rate, and either shorten your loan or leave the term as it is and just pay a much lower payment, who wouldn't want to do that? It's all about the interest rate. Many people think of an interest rate as something that's kind of immutable, or unchangeable. But in reality, interest rates fluctuate every day, several times a day. They differ from place to place and from lender to… Read More

When interest rates get low, lots of people start wondering if they can save some money by redoing their auto loans with a different lender. While mortgage refinancing gets the lion's share of the "buzz" in the news, car refinance is actually easier to do, and can reap huge rewards. It only makes sense that automobile refinancing, auto loan refi is a good financial decision. If you're paying on a loan at one rate, and you manage to find a lender that will offer you a loan at a lower rate, then you save the difference between one rate and the other… Read More

With interest rates at historical lows, the automobile refinance industry is kicking into high gear. Lots of people who thought they were getting a great deal when they financed their vehicles a year or two ago now find that they can do a refi on the balance of their loan and end up saving a whole lot of money. If you're in this situation, it's worth looking into whether an automobile refinance can work for you. Basically, if you can get a lower interest rate, it makes sense to consider refinancing a car. No matter whether you have just a… Read More

When it's time to refinance your existing auto loan, or used car loans you'll need to have a way to evaluate a refi offer from your new finance company. Using a refinance car loan calculator, you can figure out exactly what your existing loan will cost you in terms of interest across the life of the loan. You can also find out what your new monthly payment will be. It's a great way to plan and figure and find out what the best terms will be. Obviously, the whole point of getting a refi for your auto loan is to… Read More

Have you ever experienced "sticker shock"? If you've ever shopped for a used vehicle, it's likely that you have. But with a used car loan calculator, you can eliminate some of the surprise you feel when you figure out your financing by fully understanding the terms of the loan you're getting. All you need are a few basic pieces of information. When you approach a lender, you should already have a good idea about your price range. This isn't something you'll be able to tell from a used car loan calculator, because it all depends on your credit history and… Read More

Many people have questions about second chance auto loans -- what they are, how they work and why they are helpful. The past several years have been difficult for the American consumer. We've seen the markets go up and then down. We've seen huge increases in lots of thing that we would prefer less of: unemployment, the cost of living and fuel prices, to mention a few. Lots of people who were riding high before the bubble burst are now living a very different life today. But people still need to eat, still need to work. The kids need to… Read More

It's not difficult to wreck your credit. But once you're there, it can be difficult to get auto financing for bad credit. In order to be able to get the financing you need when your credit isn't perfect, you have to understand a few facts about how it's even possible for someone without perfect credit to get a car loan. It's kind of amazing how many different ways there are to develop bad credit. We often think about the catastrophic ways this can happen. Obviously, there are things that lead up to a bankruptcy, but it can be an economic… Read More

It's hard to know the best time to get an auto refinance loan. There's no light on your dashboard that illuminates when it's a good time to trade your current car loan for a new one, no alert that goes "bing!" and lets you know that rates have dropped again. So you have to take initiative and pay attention to what's going on to know the best time. And maybe there really is no "best time," but at least you can pay attention and watch for a "good time." Part of the awareness is knowing your current interest rate on your present… Read More