Are You Trapped In A High Interest Auto Loan?

You May Be Able To Refinance Your Current Car Loan At A Much Lower Rate.

You Could Lower Your Payments Or Shorten The Loan Term Considerably.

Learn How Car Refinancing Can Benefit You.

Home refinancing is wildly popular. Millions of people have saved tons of money by refinancing their homes.

Yet auto refinancing is an often overlooked way to keep more of your hard-earned cash.

Did you sign a high interest rate contract for your car loan. You can refinance now to a new low-rate auto loan now and lower your monthly car payment.

Or you may be able to pay your car off much sooner for about what you're paying now.

Compare these monthly payments to finance $16,000 for 60 months on a car loan.

Your Payment At 19.9% APR Is  $426.00 Per Month.

Your Payment At 7.9% APR Is  $324.00 Per Month.

Your Payment At 3.9% APR Is  Only $294.00 Per Month!

The savings from refinancing your car loan can be substantial. If you are current interest rate is 5.05% APR or more on your current auto loan you are definitely a candidate to refinance.

Even if you lower your interest rate by only 1 or 2 percentage points you will save your cash.

1 percentage point will make about $6.00 per month 0n a $16,000 loan. Now, $6.00 may not seem significant, but multiply $6.00 by 60 months, and you will end up paying $360.00 too much over the term of your loan.

Where else can you make $360.00 so easily? Just by spending just a few minutes refinancing your car loan.

Are you locked into a high-interest car loan? If your credit was less than perfect when you purchased your car the dealership may have pressured you into signing a high-interest car loan.

You were likely told this was the only way your loan could be approved, which may or may not have been the entire truth.

Had you applied online there is a good chance you could have received a better rate through Capital One. Click here to Refinance your auto loan with Capital One Auto Finance.

But it's not too late to do something about it. If you have been making your monthly payments on time on your current loan, then your credit score has likely improved since you bought your car. Odds are you qualify for a much better interest rate by now.

Other Refinance Sources

Most banks are not competitive on car refinance loans. You can go to your local bank and get a loan, but you may have to pay a higher rate. Banks have lots of overhead, so they have to charge more.

If you are eligible to finance through a credit union this is a better choice. Credit unions are by their members, and supported by employers. If your employer has a credit union be sure to check their rates.

But credit unions usually can't compete with auto finance web sites like E Loan and Capital One. Did you know that you can get a refinancing auto loan online, and get a great rate, too.

Check out these online lenders, but be sure to gather the following information first:

Your current loan payoff. Call your current lender and get the exact payoff.

Your 17 digit VIN number. This is the serial number for your car. It can be found on your current loan documents, or you can take it off your car. It is located on the metal plate visible through the windshield, and also on the inside driver's door.

Click here to see the E Loan refinancing program.

Click here to refinance your car loan with Capital One.

When you apply online for a refinancing car loan you will get an answer in as little as 15 minutes.

Once you give your authorization the online lender will issue a check to payoff your old auto loan.

The process takes just a few minutes of your time invested up front, and the entire transaction will be wrapped up in 1 to 2 business days.

There are no fees to refinance your car loan with E Loan or Capital One, although you may have to pay a small fee to register the title with your state DMV showing the new loan.

You'll save money by getting a new loan at a low interest rate.

Check out the Auto Loan Refinance Calculator to see how much you'll save, and see if refinancing your auto loan makes sense for you.

Click here to calculate your vehicle loan payment with the Auto Loan Refinance Calculator. See your savings INSTANTLY!