Did you know
you can
refinance
your car?
People commonly refinance their mortgages to get a lower interest rate. Subsequently, this lowers
their monthly payments potentially saving them money. But, people typically do not realize that they
can do the same thing with their automobile. With the current interest rate environment,
consumers that purchased a car one, two, three or more years ago can refinance their
vehicle to possibly save them interest costs and lower their monthly payment while
keeping the term the same.
Over the remaining life of the loan, the savings from refinancing an automobile loan can be
substantial. Given today’s economic situation, this may be a viable alternative to help
households meet their monthly budget. Also, for consumers that are comfortable with their
monthly payment, refinancing can shorten the term of their loan thereby paying off the car faster. It
should be noted that various factors can affect interest rates including past credit history, time at
current place of employment and residence, etc. In most instances, refinancing is advantageous for
consumers with favorable credit. Typically, the better the credit history, the lower the interest rate.
Can refinancing your car loan save you money? It is a very simple
calculation. At COIN Financial, we are experts in refinancing car loans. We would be glad to look into
your current situation, and work with you to determine if an automobile refinance is right for you. If
we can be of assistance, call COIN Financial at 1.877.410.0851 or visit us on the web at
www.COINFinancial.net
Auto Loans… That’s All We Do!