Refinance car loans
Get started and see if you’ll save money refinancing.
There are lots of reasons why you might be paying a higher interest rate for your car loan than you should. Maybe you got your existing loan via the dealership. Or the market changed and what was once a competitive rate is no longer a good deal. Perhaps you’ve improved your credit score since you first took out your loan and can now access lower car loan rates.
Whatever the case, don’t get stuck paying more than you should. Refinancing your car loan onto a lower rate could save you thousands of dollars over the life of your loan. But refinancing is not for every borrower, so it’s important to weigh up the pros and cons of doing so. Our experienced team is on hand to help make sure it’s the best decision for you.
Refinance to reduce your monthly repayments
Your financial circumstances can quickly change. And what was once an affordable monthly repayment can become a struggle. Refinancing onto a longer loan term can reduce your monthly repayment, giving you more money in your pocket. But this may mean you’ll end up paying more overall, so it’s important to weigh up the pros and cons of doing so.
Our experienced team is on hand to help make sure it’s the best decision for you. Speak with them today to figure out all your options.
Refinance to pay off your balloon payment
Balloon or residuals payments can seem like a great idea when you first take out a car loan. While these can reduce your monthly repayments significantly, you’ll find yourself with a lump sum to pay at the end of the loan.
Can’t pay this outright or don’t want to trade-in your current car? Speak with our team today to find out how you can refinance the balloon payment into a new loan.
Refinance to consolidate your debts
Small debts such as personal loans and credit cards can soon add up. Not only do you have to keep tabs on when accounts are due, but you have to constantly budget to manage all your repayments.
For some borrowers, consolidating your debts by refinancing your car loan could be a good option. You’ll only need to make one repayment a month. And if your new rate is lower than that charged on your other debt, it can free up more of your cash.
However it’s not suitable for everyone, so speak with our team to figure out all your options.