Refinance your auto loan because you’re tired of paying for past financial mistakes
Even if you haven’t cleaned up your FICO score since you purchased your car, you should still look into refinancing your car loan with us. Our bad credit car loan rates are typically half of what the dealership can offer. Members who refinance at a D credit rating can expect to lower their monthly payment by $100, on average.
We can also refinance your car loan over a longer term to save you even more on your monthly payment. For instance, if you have three years left on your loan, we could refinance your car loan at a lower rate over a 48-month term to lower your monthly payment considerably. Since you’ll end up paying more over the life of the loan, we don’t recommend lengthening the term unless it’s necessary to preserve your budget and cash flow. However, it can be a useful tool to consider, especially if your car has retained its value.