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This depends on what state you're in and how big of a loan you need. You also need to have good credit.
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∙ 14y ago
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Do auto refinance loans generally come with high interest rates and how do I qualify for one?
Auto refinance loans do typically have higher interest rates than new purchase loans. You can get refinance loan from many major banks and credit unions.
Does credit acceptance refinance auto loans?
Does credit acceptance do refinance
Refinance Auto Loans Rates?
Refinance auto loan rates are always changing. This is why research is important for people who want to find lower rates than their existing loans. To find great rates and terms, one should compare prices online, read the local news, and talk to one's bank. With enough research, one can definitely figure out what his or her credit score can get them in terms of refinance options. Paying down debts will no doubt help with this process.
Refinancing Auto Loans?
Most people today have auto loans to help them pay for a new car. However, over time, the terms and rates of a loan may no longer suit the car owner. This happens when a person's credit score and financial situation change. It is normal to try and refinance auto loans. Doing this could help a person lower everything from their monthly payments to the interest rates and duration or term of the loan. To refinance auto loans, one should shop around and see what different groups can offer. Negotiation is key. With time, great rates and terms can be found on refinance auto loans.
Refinance Auto Loans?
Refinance auto loans are a great way for people to save on their monthly bills and to lower interest rates. However, there are many options from which one can choose, which is why it is important to shop around, know one's credit score, and really understand what one wants to accomplish from this refinance. With this in mind, one can compare rates online and can also talk with an existing lender to find the best prices on auto loans. This could end up saving a person quite a bit of money.
Where can one find information on how to refinance auto loans?
When looking for information on how to refinance auto loans, the best place to get that information is from banks. Banks offer refinancing loans for homes and automobiles.
What are auto refinance loans?
Auto refinance loans allow you to refinance your previous loan taking into consideration how much you have already paid on the vehicle. This generaly reduces the monthly payment as you are paying on the reduced auto price, but it will increase the interest paid as you will be prolonging your loan.
What are the qualifications of refinance auto loan?
In order to be qualified for refinance auto loans, most companies require that you be over the age of 18, that you posses a valid drivers license, you must be a current US Citizen, you must have a yearly salary of 26,000 or act as a cosigner, and you must have proof of a current auto insurance.
Where can one find and compare the best rates on auto loans online?
One can compare the best rates on auto loans on MoneySupermarket. One can also compare the best rates on auto loans on gocompare. Another website where one can compare the best rates on auto loans is cbonline.
What are the current average rates for auto loans?
Auto loan rates are very indicative of the individual person taking one out. Things considered in figuring out the rate would be the person's credit history and current income.
How can I avoid high interest for auto refinance loans?
You can avoid high interest for auto refinance loans by going to www.carbuyingtips.com/refinance.htm. You can also try www.anycreditmortgage.biz/MortgageRefinance.htm The best way to avoid a high interest rate is to make sure your credit stays good. You can normally find lower refinancing rates with a credit union.
What are the interest rates on Bank of America auto loans?
The interest rates at the Bank of America on a loan for a new car is as low as 2.24%, for a used car as low as 2.29% and for if you want to refinance it can be as low as 2.44%.
