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Current interest rates are at historical lows. If you purchased your vehicle more than two years ago and currently have a high interest rate refinancing may lower your rate.

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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.


Is it possible to refinance an auto loan?

It is possible to refinance an auto loan. Refinancing offers the opportunity to lower your interest rate and save money over the term of your loan, which lowers your monthly payment.


Whats the best place to refinance an auto loan?

Bank of America (BAC) offers auto loan refinance programs with interest rates as low as 3.74%. Also bankrate offers a calculator to figure auto loan payments.


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 exactly is refinance auto loan?

To refinance an auto loan, work with your bank or credit union to pay off your existing loan and get better or more spread-out terms for a new loan. Often, it is not worth the hassle of refinancing, unless your current interest rate is 1 to 1-1/2 points higher than what you could get with a new loan.


I live in Anchorage, Alaska, what kind of interest rate can I expect for an auto refinance loan?

It depends upon the company, suppose if you are opting for HSBC Auto refinance, then the interest rate is too low.


How would you refinance an auto loan?

You can refinance an auto loan at any place you can get an auto loan. It may be best to use an agency in which you have already gotten a loan through before.


What are some benefits of auto refinance?

The biggest benefit of auto refinance is that it can allow you lower monthly car payments. Auto refinance can give you a better interest rate on your car loan, which can be extremely beneficial in saving you money on paying your car off.


Where can one refinance their auto loan?

One can refinance their auto loan at any bank. One simply has to apply for an auto refinance loan. It is important to compare all of the available options; that way a lot of money can be saved.


Where can someone find an Auto Loan Refinance Calculator online?

One can find an Auto Loan Refinance Calculator online at Lending Tree or PNC. One could also find an Auto Loan Refinance Calculator from Nationwide or NFM Lending.


What is the purpose of a refinance auto loan calculator?

The purpose of a refinance auto loan calculator is that it helps you to find out if you can afford to change your loan terms. It will tell you what your new monthly payments will be.


Is it easy to refinance an auto loan?

Getting a refinance auto loan can be hard or easy for some people, because it depends on your credit status. If your credit score has improved since your last car purchase, you have great chance of getting approved for a refinance auto loan.