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Is auto refinancing expansive or not?

Updated: 8/20/2019
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12y ago

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Auto refinancing is generally expansive since it basically allows you to get money out of an expensive car by taking out a second loan on the car (kind of like a reverse morgage. This makes it so that there are two loans, but it does seem to lower one's car payments substantially.

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12y ago
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Q: Is auto refinancing expansive or not?
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Related questions

Where can one apply for auto refinancing loan?

One can apply for an auto refinancing loan at a bank or financial lending institution. One can also apply for auto refinancing loans at most car dealerships.


Do dealerships handle auto refinancing loans?

Some dealerships do offer auto refinancing loans. It would be to your best interest to contact several different lenders about auto refinancing before settling on your dealership.


Where can one get information on refinancing an auto loan?

Many local banks can be a source of information on refinancing a car loan. Edmunds and Bankrate also offer guides to auto loan refinancing on their respective websites.


What are some companies in the US that specialize in refinancing car loans?

There are a huge range of car refinancing companies in the USA. Examples of these are Wells Fargo Financial, Capital One Auto and Bank of America Auto Refinancing.


Is there an auto refinancing calculator?

There are lots of different auto refinancing calculators. It is important to look at several of them in order to ensure you are being provided the best possible results.


What companies offer auto loan refinancing?

There are several companies that offer Auto Loan Refinancing. Some online companies include my auto loan and credit provider, however you can also go to your bank or another bank like Citibank and Wells Fargo bank to get a refinancing loan.


Where could one get help with auto loan refinancing?

One could get help with auto loan refinancing from Wells Fargo. Other options include Capital One, Edmunds, Chase Auto Refinance, and Bank of America.


Is auto refinancing difficult or beneficial?

Auto refinancing is usually beneficial. In most cases the interest rate will go down which will lower your monthly payment. However, due to the recent credit crises it is more difficult to qualify for refinancing unless you have a good credit score.


Where would someone seek advice on refinancing?

While there are lots of places out there to get free quotes on refinancing, it is best to talk to your bank or a mortgage expert if you are planning on refinancing your home. Your bank can give you great advice if you are refinancing your auto loan.


Where is it possible to get a loan for auto refinancing?

Loans for auto refinancing are available at banks and credit unions, depending upon an individual's credit rating, automobile that is being re-financed, and credit history.


Where can someone go for auto refinancing if they have bad credit?

Obtaining auto refinancing is still possible if one has a poor credit score, but it is more difficult. Researching for lenders in your area who have a reputation of lending to people with poor credit can help you to find a good deal. Additionally, websites such as RoadLoans cater to those with bad credit who need auto refinancing.


Where can one get good deals on auto refinancing rates?

One can get good deals on auto refinancing rates from many companies. Some examples of these places include US Bank, Capital One, Bankrate, and Nasafcu.