What will my new rate and monthly payment be?

An auto loan refinance is a chance to achieve your financial goals. You might want a lower payment to free up some cash each month, or you might want a higher payment to save on interest and get debt-free faster.

You can achieve these goals by choosing a new loan term and you may get lower rates for a number of reasons, like if your credit report shows you’re on top of your finances or if market rates have dropped. You may also qualify for certain rate discounts. Here’s what to consider:

• Market rates: The lowest annual percentage rate (APR) we can offer is based on what’s happening in the big old economy.
• Credit scores: Higher credit scores get lower rates.
• Loan terms: Shorter terms get lower rates but higher payments, while longer terms get higher rates but lower payments.
• Terms and conditions: You can read the fine print of any car loan contract to see exactly what’s going on.