How Smart Shoppers Refinance Car Loans

You can refinance car loans and save money, whether you have a high Annual Percentage Rate (APR) or not.

What is Car Refinancing?


Refinance car loans are similar to a home refinance. You will pay off the current loan using a different lender that may have a lower APR. This will lower your monthly payments, and with a lower interest rate, you can pay off the loan faster. You can use the savings to pay off high interest debt or put it toward the loan.

Find out Your Credit Score

It is possible to get your credit score and report without hurting your credit, and you want to have that score available before you begin applying for refinance loans for your car. This is an instant process online and you can do so through Experian, Equifax or TransUnion. Be sure that you get both the credit score and the credit report.

Will I Need an Appraisal?

An appraisal is not necessary when applying for refinance car loans. The loan is based on how much you owe on the vehicle and not the current value of it.

To find out more about how to refinance car loans, please visit www.instantcarloan.com.


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