Auto Loan Refinancing Las Vegas NV

Popular misconceptions about auto loan refinancing are that only people with bad credit should do it and that there is a ton of paperwork and time involved. Surprisingly, even buyers who were approved for a car loan with excellent credit can refinance to get an even better rate. Don’t keep paying a high interest on your car loan. You have the option to refinance car. If your credit score has improved since you first got auto loan then now is the perfect time to refinance car. Find amazing auto lenders in Las Vegas, NV listed below.

Western Funding Inc.
(702) 434-1990
3915 E. Patrick Lane
Las Vegas, NV
 
Advance Auto Title Loan
(702) 307-9595
2510 E Lake Mead Blvd
North Las Vegas, NV
 
Western Funding Inc.
(702) 434-1990
3915 E. Patrick Lane
Las Vegas, NV
 
Advance Auto Title Loan
(702) 307-9595
2510 E Lake Mead Blvd
North Las Vegas, NV
 
American Auto Loan
(775) 677-2000
240 Doubleback Rd
Reno, NV
 
Princeton Auto Sales
(702) 924-2400
3105 E Sahara
Las Vegas, NV
 
Cars Vegas LLC
(702) 649-5226
2 N Losee Rd Ste H
N Las Vegas, NV
 
AutoLoansInNevada.Com
Carson City, NV
 
Cars Vegas LLC
(702) 649-5226
2 N Losee Rd Ste H
N Las Vegas, NV
 
Princeton Auto Sales
(702) 924-2400
3105 E Sahara
Las Vegas, NV
 

Auto Loan Refinancing

Refinancing a Car Loan Can Save Money and Improve Credit By Liz Opsitnik Tuesday, Feb 17 2009 11:42

When most people hear the word “refinance”, they associate it with their home mortgage, a lot of paperwork and expensive fees. What consumers don't really know is that by refinancing their car loan, they can save money on the interest they are paying and can actually improve their credit in the process.

Popular misconceptions about auto loan refinancing are that only people with bad credit should do it and that there is a ton of paperwork and time involved. Surprisingly, even buyers who were approved for a car loan with excellent credit can refinance to get an even better rate. “People pay more than they have to pay because they need a car,” says Dale Peterson, president of MyAutoLoan.com , a licensed auto loan refinancing lender. “If they've been working to rebuild their credit, they will absolutely be surprised to see how much money they can save by refinancing.” car loan refinancing picture Who Should Refinance There are several different situations when refinancing an auto loan is beneficial, says Peterson. You should refinance if you had a poor credit score when you bought your car and signed a loan with a high interest rate, if you reviewed your home budget and need to trim outgoing cash and reduce fixed expenses and if you experienced a medical or other type of emergency and need to reduce cash outflow. “Basically, refinancing is just not something that has been a priority with auto finance customers in the past,” Peterson says. “Not until the current economic crisis has it really become a great option for many people who are trying to reduce their costs.” If you signed your car loan with a high APR, like 15 to 20% and higher, you're not stuck with that high interest payment. Even if you bought your car a year ago with a high credit score and an APR of 7.5%, you can still refinance to get an even lower rate, Peterson says. “Even if you had excellent credit when you bought your car, the dealer can still mark up your interest rate,” he explains. “Also, the Fed rate has gone down, so it's cheaper to loan money. You can lower that 7.5% rate to a 5.5% rate and save money. Right now, the rates can't get any lower.” If you have good or bad credit or a low or high interest rate, it's always a good idea to try and get a lower rate by refinancing, Peterson says. Because there are a lot ...

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