Sometimes taking out a car or truck loan or refinancing a loan can be confusing due to the terminology. Understanding loan terminology helps you be sure that you are getting the best financing deal. Let’s look at some important loan concepts and their meanings. Term Length Term length is the time agreed upon for you [...]
Shopping around for auto refinance is not complicated when you know the right questions to ask. In some cases, refinancing can save you thousands of dollars over the loan term. Let’s look at the most important questions regarding the selection of auto refinance companies. Number 1: Who Should I Borrow From? There are various options [...]
When looking to refinance car loans, timing can be important. Is it better to refinance in the early, middle or late stages of the loan? While every situation is different, some general guidelines can help you decide when to refinance. Early Loan Term Refinancing Even if you are early in your loan term, refinancing is [...]
If you are looking to refinance your car loan, you might be worried since you have damaged credit. Although your options might be limited, it is possible to refinance auto loans with bad credit. Let’s find out how. What To Do First Before refinancing you should carefully check your credit score. You can get a [...]
If you are making monthly car payments, you might be considering refinancing as a way to decrease your costs. It’s not complicated, but it helps to know a bit about how to refinance a car before you make any decisions. Simple Concept Refinancing is really quite simple. It just means replacing an old vehicle loan [...]
Are you dealing with a car or truck loan that is disadvantageous or too expensive? You don’t have to keep paying for a loan that doesn’t fit your budget. Let’s look at some strategies on how to get out of a bad car loan. First, Know Your Car’s Value The first step is to find [...]
If you are looking to buy a new or used vehicle - or are considering refinancing - you should know how to compare auto loans offered by different lenders. There are various auto finance options, and each has specific advantages depending upon your situation. Option 1: Bank Loan Bank auto financing or refinancing involves dealing [...]
If you are considering refinancing your car or truck loan, there are several auto refinance companies to choose from. Refinancing is not a difficult process, but it is important to do your homework and choose the right loan provider. How Refinancing Works When you refinance a car or truck loan, the new loan provider will [...]
The most important factor when it comes to refinancing a car is the annual percentage rate (APR) or interest rate. The main advantage to refinancing is that a better rate can lower your monthly payments and the overall loan amount. There are various factors that can affect the APR, and among these are your vehicle’s [...]
New car buyers often finance their purchase through a new car loan. In many cases, new car buyers let car dealers set up the finance terms. This often leads to higher interest rates, since the dealership also derives some of its income from the auto financing business. When you refinance you replace your old debt [...]
