How to Save Money by Refinancing Your Car Loan
Free online tools to see how much you can save
Refinancing your car loan can be a great way to save hundreds of dollars each month, save thousands of dollars in interest, or get some cash out to pay bills and debts. The best part is, refinancing your car loan is much simpler than refinancing your home and can often be done over the phone.
It’s hard to believe that millions of people in the US could reduce their monthly financial burden by using new online tools from Standard Auto Financing to see how much they can save. Rates will not stay this low forever, so we recommend jumping on this right away.
When to Refinance
Your situation is likely different than others and it’s important to look at the current market conditions. With the unexpected rate cut by the Federal Reserve, join the tens of thousands of people who are rushing to understand how much they can potentially save.
Here are the top 5 reasons Americans refi their auto loan:
- Interest rates are lower than their current loan.
- There have been improvements to their credit score.
- They financed your car through a dealership (where rates can be higher).
- They would like to reduce the amount they pay each month
- They can get some “cash-out” to pay other bills or debts
Explore Your Options
There is no reason to wait. There are no obligation tools and loan calculators available to present you with options within just a few minutes. Use sites like Standard Auto Financing who will connect you with multiple lenders who will compete for your business. Speak to as many lenders as you’d like and choose the one that best fits your needs.
If you decide that refinancing isn’t right at this time, we recommend reviewing your current auto insurance against the new 2020 insurance options. Again, it’s free to see if you qualify for monthly savings. Review your auto insurance savings here.
Want to see how much you can save? Here’s how:
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