Refinance Car Loan FAQ's

The following are questions we have received from visitors to our site.

Q. Is there any upfront fee when you want to refinance a car loan?
A. No, there are no fees that are required to be paid upfront. The monthly payments that are made include any additional costs.

Q. What can I do if I really need to refinance my car loan but am unsure if I will be accepted due to previous bad credit reports?
A. You can clean up your credit report and lower interest rates by applying for credit repair services.

Q. If I am approved for refinancing my car loan, is this a completely new loan or is it part of the present loan?
A. This is an entirely new loan and will include a lowered interest rate that will be set to the period of time requested by the customer.

Q. Can I apply for car loan refinancing through my existing finance company?
A. No, finance companies do not refinance their own loans as they lose money using this method.

Q. If I have a auto loan amount of $7,000, why can't I get refinance?
A. Each finance company usually has a set limit for the minimum balance of money required. This is because the company may not make money on a deal if the loan is $7,000, $2,000 or the amount the company's minimum balance is.

Q. How long do I have to wait after I have brought my car until I can apply to refinance my car loan?
A. There is no time limit; it can be done whenever you want. The sooner you apply for refinance the faster you can save money with low interest rates and repayments.

Lower your monthly car payment - refinance your car loan at Capital One

For further information please contact us on refinancing@autorefinancer.com