Loan Origination Fee or Mortgage Points—Normally 0-2% of the loan amount, used as compensation for putting loans in place. Documents Preparation Fee—On average, a few hundred dollars to pay for t ...
Access more funds ; When you already have a personal loan but want more funds for something else, it could make sense to refinance with one new loan covering both amounts – rather than have two separate loans at the same time. This refinance loan would cover your existing loan plus the new funds needed, while maintaining the simplicity and cost-efficiency of one loan and one set of fees. Depending on the interest rate you’re currently paying, you might find refinancing your current personal loan could save you money through a better interes ...
60-month auto loan options More terms available, Rates as low as ; New car (dealer), 5.69 % APR † ; Used car (dealer), 5.99 % APR † ; Refinance, 6.99 % APR † ; Buy out your lease, 6.99 % APR †
Key takeaways ; Refinancing may allow you to save money on interest or lower your monthly payment. ; Choose to refinance when interest rates have dropped or your credit has improved. ; Avoid refinancing if you are upside down on your auto loan. ; Check lender requirements to confirm you — and your vehicle — qualify for refinancing.
Credit score, Average new car APR, Average used car APR ; Super prime (781-850), 5.25%, 7.13% ; Prime (661-780), 6.87%, 9.36% ; Nonprime (601-660), 9.83%, 13.92%
Lending Partner, Loan Term (Months), Min. APR, Min. Credit Score ; RefiJet, 48 – 84, 5.29, 550 ; MyAutoLoan.com – Refinance, 12 – 72, 5.49, 575 ; Gravity Lending, 36 – 84, 4.99, 640
In this Guide: ; Should You Refinance Your Auto Loan? ; Best Car Refinance Rates: The Bottom Line ; Best Auto Loan Refinance Rates: FAQ
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Written by Rebecca Betterton ; Edited by Rhys Subitch
Show auto loan type ; New · Used · Refinance ; Lending partner · APR from · Term · Min credit score