Saving money is always worth a closer look. At RefiJet, we may be able to help lower your auto loan interest rate. A lower interest rate can translate into more affordable monthly payments and less paid over time.

It’s not uncommon for borrowers to have higher interest rates – and that’s costing you money. In some cases, a lower interest rate on your auto loan could help you save thousands of dollars over your auto loan lifetime. That’s money in your pocket to spend your way. Check out how much you could save by lowering your interest rate with our auto refinance calculator.

Why Is Your Interest Rate Higher Than It Should Be?

Lender’s loan program changes over time due to key lending rates and economic changes. However, it’s very common for borrowers to be overpaying on their auto loan for several key reasons. Take a look to see if these impact your situation.

Your Credit Score Increased

Has your credit score improved over the last few months or years? If it is higher now than it was when you first bought your vehicle, chances are good you qualify for a lower rate now than you did then. Credit score improvement is very common, especially over the time of your loan as you make payments on time.

If you’re unsure, check your credit report. Make sure it is accurate. Then, request a credit score. When you use our services here at RefiJet, we can help you determine the best rate available to you right now. Look back at your existing loan. If it is significantly higher, refinancing your auto loan may save you money.

Your Lender Didn’t Offer the Best Rates

It’s not uncommon for dealerships and other lenders to charge interest rates that are higher than what you could have obtained from others. For example, the local dealership may not have had the lowest interest rates available at the time. You didn’t know that. Unless you are confident you compared interest rates yourself with multiple lenders, chances are good you didn’t get the best available rate then. You can now!

What Can You Do to Lower your Auto Loan Interest Rate?

In some situations, you may need a lower interest rate, but you haven’t qualified for one from other lenders. RefiJet will help you determine the best rate for which you qualify.

Secure a Co-Borrower

One way you may be able to reduce your interest rate further is to get a co-borrower for your loan. If you add a co-borrower who has strong credit, that can help you qualify for an interest rate that’s significantly less.

Choose a Different Loan Structure

Our team can also help you find the right loan structure for cost-savings. Most borrowers don’t know there are various term options available to them when they buy a car. A longer-term (or a shorter one, in some cases) can help to reduce your interest rate.

With More Lending Options, You Can Depend on Us to Get the Lowest Rate Available for Which You Qualify

Some borrowers end up paying too much for their auto loan because they don’t have all of the options in front of them to choose from at the time of buying their car. Our tools and resources make it possible for you to determine which is the best rate for which you qualify for. We can look at various scenarios and provide numerous recommendations, all personalized to meet your unique needs.

Why Should You Refinance to Secure a Lower Interest Rate?

Why pay more for your car than you have to? A higher interest rate means you’re paying significantly more to buy the same car. With a lower rate, you may be able to qualify for several key benefits, including:

Lower Monthly Payments: Reduce your loan payment each month. If you hate having to write that big check every month, now you don’t have to. With more affordable interest rates, your monthly payment may also fall.  On average, our clients who are looking to lower their monthly auto loan payment save an average of $150.

Lower Overall Finance Charges: Payless to buy your car overall. The sticker price on the windshield of your vehicle wasn’t all you pay when you buy it. You also pay for all of the interest that adds up over time. With a lower rate – even one that is only a fraction of a percentage point different – you could save thousands over the lifetime of your loan.

Get Better Lending Terms: When you refinance your auto loan to get a lower rate, you may also qualify for a shorter-term (or a longer one in some cases).

Why Choose RefiJet to Lower Your Auto Loan Payments?

RefiJet has set out to make auto loan refinancing available to consumers throughout the U.S. We’ve recognized the simple fact that most people don’t know this is an option available to them.

As LendingTree’s #1-rated auto lender in customer satisfaction for four consecutive quarters, we’re a respected, dedicated company. We also have an A+ Rating with the BBB.

Use the tools on this page to determine if you qualify for a lower interest rate on your auto loan. If you do, our team will help you to secure that savings in no time. Contact RefiJet and get started on refinancing your auto loan today!

Month in and month out, you make your auto loan payment. Every time you take money out of your account to pay your loan, you think it’s really a big chunk of your monthly budget. You may find yourself wondering what you could do with those funds if you could take a vacation from your next auto loan payment. That may be an option for you.

Your next loan payment is likely due within the next 30 days. However, if you decide to refinance your auto loan today, you may qualify for a bit of a break.

This could give you a month when you do not have to make a loan payment. However, it’s important for you to recognize there are limitations to this. At RefiJet, we want to give you a solution that fits your needs and resolves at least some of your concerns. While pushing out the date of your next payment is a good reason to consider refinancing your auto loan, there are plenty of other factors to consider, too.

What Are the Benefits of Refinancing Your Auto Loan?

As a vehicle owner, you are probably putting a lot into your current vehicle. You are paying for your loan and insurance on the car. You may also be paying for things like repairs and maintenance. All of this adds up very quickly. With an auto loan refinance, you may be able to accomplish some of your other goals – reducing how much you pay each month, too.

Consider a few of the potential benefits of refinancing your auto loan with our team at RefiJet. You may be able to see a few significant improvements in your current situation when you are able to:

Lower Your Monthly Payment: Perhaps the biggest reason many people choose to refinance their auto loan is that it allows them to secure a lower monthly payment. Though it depends on various factors associated with the loan, such as how much you owe, many times, our clients see a substantial reduction in what they pay. On average, we help our clients who want to reduce their monthly auto payment,  see a savings of about $150 per month. That’s extra money you can use each month, too!

Reduced Interest: If you are currently paying a high-interest rate on your auto loan, refinancing could help you to reduce that rate. Even an interest rate that is a fraction higher than what you could be paying otherwise can be very costly to you in the long term. Perhaps your credit was not as good previously, or you now have a co-borrower that can help you qualify for a lower rate.

Extended Term: Extending the term of your auto loan can help you in various ways. In this process, you are agreeing to pay back the loan in a longer period of time than what you are paying towards right now. This can further reduce your monthly payment.  Your refinance loan is a simple interest loan, so you can always pay it off earlier if you choose to.

Can Refinancing Your Auto Loan Really Allow to You Take a Vacation from Your Next Auto Loan Payment

When you refinance your auto loan, you are using a new loan to pay off what you owe to your existing lender. The process of closing one loan and opening another takes time. Most often, there’s a gap of 30-to- 45 days between payments to your old lender and your new lender. That gap can give you a bit of a breathing room with that month’s budget.

RefiJet can make the entire process very easy for you from start to finish, too. When you are considering a loan refinance for your vehicle, contact us. We can then help you to find the best loan for the term, interest rates, and features you need. You’ll learn everything you need to know about the factors involved in your new refinance loan, including:

• Availability of lower interest rates
• Term options ranging from 24 months to as long as 84 months.
• When your next payment is due
• How much you’ll pay if you refinance the auto loan in total

There’s no pressure to make the decision. You can choose not to refinance if you would like to. Yet, as you look at the budget for this month and wonder how you are going to make it all come together, taking action right now may help give you a vacation from your monthly car payment.

Keep in mind that you are not skipping a monthly payment with auto refinance.  That amount is just being included in the new loan, so you get to pay it later.  Rather, you are just starting a new loan with a new term. The closing of the loan process takes time, which is why there is that 30-to-45-day gap. More so, when you refinance with us, we will help you to see exactly how much of a break you will have during this process.

Is Refinancing Your Auto Loan Right for You?

To find out, connect with our auto loan specialists at RefiJet. Let us figure out what the best option is for you. It’s a fast and easy way to see just how much you could be saving each month. Get Started Now.

When you refinance your auto loan with RefiJet’s help, our team can help you to find the right combination of loan parameters to create the scenario that fits your goals. For some of our clients, that is to extend your auto loan term. The term of your loan is the number of months until you pay it off. There are several benefits to changing the term of your loan.

With a new refinance loan, you may wish to choose a shorter-term loan, one that pays off the amount you owe in a shorter period of time. Or, you may wish to extend that term, which means it will take longer to pay it off. What’s the difference? It comes down to what it does to your monthly payment and how well it fits your objectives.

Do You Want a Lower Monthly Payment?

One of the best ways to lower your monthly payment on your auto loan is to refinance it into a longer-term loan. By extending the amount of time it takes for you to pay off what you owe, you may be able to drop the monthly payment amount considerably. This is one of the ways we help our clients who want a lower monthly payment, save an average of $150/month*.

If you want a lower payment, keep in mind that extended the loan may mean you pay more on the loan in the long term. That’s because there is more time for interest to accumulate on the loan. Still, for those who need a lower monthly payment to balance their budget, this may be a good option for you.

You Can Still Pay It Off Sooner if You Extend Your Auto Loan Term

When you get a simple interest loan with us, though, you may secure a lower monthly payment while having the ability to pay the loan off earlier than the final due date, if you choose to. You have the option – not a requirement – to pay off the principal on the loan faster. If you choose to pay off your loan early, you end up reducing the total amount of interest you pay over the life of the loan, versus what you would have paid if you paid the loan for the full Term.

This option allows you to have the flexibility to have a lower monthly payment requirement from your lender. You can either make the standard monthly payment or you can make a larger payment to help you pay off the loan earlier and pay less interest overall.

Auto refinance loans through RefiJet never have a pre-payment penalty. That means there is little risk to you in taking this option. It gives you far more flexibility in repaying the debt you owe.

Changing the Term to Pay Off Your Debt Faster

Some people want to pay off their loan faster. They do not want or need a lower monthly payment. They just want to get out from under their car loan sooner. That is an option and a reason to refinance your auto loan, as well. When you do this, you are able to refinance your loan for a shorter term. Some of our clients like to do this

If you want to reduce the length of time it takes you to pay off your debt, talk to our loan specialists about shortening your repayment period. However, remember the above example, too. You do not have to refinance into a shorter contract. You could refinance with us into a new loan with the same estimated pay off date. Then, you can pay off the debt faster by paying more than you owe. If your current loan limits your ability to pay off the principle like this, refinancing may make sense for you.

Consider the Advantages of a Lower Monthly Payment

You may benefit from a lower monthly payment for several reasons:

• Having more money each month to put towards other debts you have, such as high-interest rate credit cards.
• You may be able to improve your credit by making on-time payments with your new, lower monthly payments.
• You may be able to use those extra funds to add to your savings or invest. Use them in any way that works for your needs.

As you take into consideration how this may work for you, talk to our loan specialists to learn more. We can help you compare several different strategies for refinancing your auto loan, allowing you to find the right method for your specific objectives.

You Can Trust RefiJet to Offer the Help You Need When You Want to Extend Your Auto Loan Term 

When you speak to our team about your refinancing options, remember that we’re here to offer you solutions. There’s no pressure in the process. We provide you with information and options from which you can choose. Let us determine what amount of savings you may have each month if you refinance your auto loan into a longer-term loan. When you do, you are sure to find this can work to meet your goals.

We’ve been rated the #1 auto lender for customer service on LendingTree for five consecutive quarters. That’s because we are dedicated to providing you with the very best service possible. Even if you’re not sure refinancing your auto loan is right for your needs, let us offer some solutions to compare. Get Started Now.

Imagine this situation. You are in a car accident that created so much damage, the insurance company totals the vehicle. The problem is, it’s a newer car, and you have a loan on it. The insurance company agrees to pay you the value of the vehicle at the time of the accident. However, that’s less than what you owe on the car right now. You still owe on your loan, and you no longer even have a car.

That’s where guaranteed asset protection, or GAP, may help you. At RefiJet, we don’t want to see you struggle in this way. That’s why we can help you obtain a new refinance loan that includes GAP coverage. As a result, it can help to cover the difference between the value of your car, motorcycle, truck, or SUV and the amount due on your loan if it is totaled or stolen.

What Does Guaranteed Asset Protection (GAP) Cover?

It’s not uncommon for situations like this to occur, where you end up losing your vehicle for some reason and still owe more than your insurer is able to provide to you. With GAP in place on your auto loan, though, you don’t have to worry about being stuck paying a lot to pay off your auto loan. It helps to protect you against out of pocket costs when your vehicle is a total loss.

Here’s an example of what may happen. You refinance your auto loan with the help of the RefiJet team. You choose to include GAP protection with your new loan. A few months in, the vehicle is stolen from your driveway. The police are looking for it, but aren’t hopeful. You file a claim with your insurance company for the theft. They agree to file the claim, but they say the value of the car right now is just $15,000. You owe $17,000 on your loan, though.

In this case, your GAP coverage steps in to provide financial help. It helps cover that $2,000 difference for you.  It even contributes up to $1,000 towards your insurance deductible.   That way, you can pay off the loan and go on to purchase a new car.

If you did not have this coverage, you would still be without a car, but you also would still owe your lender that $2,000. That’s money you could be putting towards the down payment on a new car. If your loan to value ratio is more than 80%, GAP can be a very helpful product.

You might be a great driver, but accidents and theft still happen through no fault of your own.  GAP can minimize your risks and make a bad situation a bit easier on both your mind and your budget.

What You Can Expect from Guaranteed Asset Protection Coverage

At RefiJet, we offer GAP insurance from industry-leading providers. You may be eligible for several plans. Each one has slightly different features. One of our Financial Services Representatives can help you to determine if GAP is right for you and what type of features are best to seek out. Some offer features such as contributing towards your insurance deductible. For example, in the above examples, you may have an insurance deductible of $1,000 to pay first, before the insurer covers the rest. GAP may help you to cover some of that costs, further reducing your out of pocket expenses.

Do your homework right now to determine just how much protection you have. You may even wish to read through your auto insurance policy to see how they would pay out in such an instance. Then, turn to RefiJet for help with GAP.

Should You Include It on Your Auto Refinance with Us?

Speak to our agents about the benefits it offers. RefiJet makes the entire process very easy for you.

• You can finance the purchase of GAP through your refinance loan.
• If you already had GAP in place, it will not transfer to the new loan. You can cancel it and you may be due a pro-rated refund.
• The investment in GAP may be very affordable, especially if it has to pay out at some time during your vehicle ownership. It could save you thousands of dollars in such events.

Do not hit the road without understanding your refinance options and if adding GAP to your loan makes sense for you to protect your vehicle. That includes GAP. It could help to minimize financial risk to you.

Talk to Our Team When You Request a Refinance Loan

As you consider how GAP can help you, also remember that this, coupled with refinancing your auto loan into a lower interest rate or monthly payment, it may be the best financial decision you can make for yourself right now. Take the time to consider if GAP makes sense for your situation. You may learn that this type of investment is an easy one to make.

Why Trust Our Team with Your Needs?

We’re here to help you. That’s one of the reasons we’ve earned LendingTree’s #1 auto lender rating in customer satisfaction for four consecutive quarters. That’s also why we work hard to help you find the most affordable auto loan refinancing opportunities and protections like GAP. Turn to our loan specialists today to learn more about adding GAP to your auto loan refinance. It is easier to do than you may realize it is, too. Get Started Now.

Even when you’ve purchased the perfect vehicle and did all the research you could, things happen. You may have to deal with a few unexpected repairs from time-to-time. The problem is that these costs can be rather high quite often, squeezing your budget. That’s why we offer Extended Service Contracts (ESC). It’s an easy way to take off some of that pressure.

Extended service contracts are available with the loans we offer. If you think it’s the right choice for you, let your RefiJet Financial Services Representative know.  They will let you know your options for structuring your new loan to include the Extended Service Contract that best suits your needs.

What Is an Extended Service Contract?

When you choose an Extended Service Contract, it helps you avoid unexpected and expensive repairs. There’s no way to avoid routine maintenance, but with an ESC, you get the financial help you need to cover the cost of unexpected repairs. These contracts cover a variety of repair types, including some of the most common, expensive repairs that you don’t want to pay for out-of-pocket. This could include problems with your vehicle’s engine and transmission, as well as your vehicle’s electronics.

Not All Extended Service Contracts Are the Same

If you’re purchasing a car, you’ll want to ensure you consider the advantages of Extended Service Contracts. However, be sure to know what you’re buying. Not all of these contracts are equal. Here at RefiJet, we offer a comprehensive contract that even includes things like the following:

Towing: If your vehicle breaks down in the middle of a busy highway or you are stuck in a parking lot, you can have it towed in for repairs. Towing costs – depending on the vehicle and conditions – tend to be expensive when paid out-of-pocket. Your Extended Service Contract may cover all of those costs for you.

Lodging: The contracts we offer often include extras for lodging if you are on the road when your vehicle breaks down. If you are taking a long trip away from home and your engine fails, for example, your Extended Service Contract may kick in to provide you with the financial support you need to book a hotel for the night if you’re too far from home.

Electronics Coverage: Most of the Extended Service Contracts available will also cover the high-tech electronics that you have in your vehicle. This may help you with features such as your navigation system or your onboard sensors and security system. (Be sure to verify with our team which features you have on your vehicle).

Getting the Repair Help You Need

When something goes wrong, and you need to have your vehicle repaired right away, you may benefit from the type of Extended Service Contract we offer more than you realize. When choosing an Extended Service Contract, one of the key factors to consider is who will do the repairs for you. If you’ve selected a contract from RefiJet, you can rest easy knowing that you have the flexibility to choose any certified mechanic to handle the repairs.  You don’t have to go to the dealership.

You also do not have to worry about who is doing the work for you and whether you can trust them. That’s because you can choose the mechanic you use. You will be able to go to any ASE certified mechanic with this coverage. That can take the pressure off when choosing a pro that is close to home or a professional you trust. You can also use your manufacturer’s dealerships for these repairs.

Finding the Right ESC for You

At RefiJet, we aim to make the entire process of securing an Extended Service Contract for your vehicle as easy as possible. We offer a variety of options for you to choose from, ensuring there’s a level of protection that is right for you and for your vehicle. The options in Extended Service Contract plans from RefiJet are based on your specific loan and the vehicle.

Keep in mind that if you refinance your auto loan, you can obtain a new Extended Service Contract with ample coverage to continue protecting your vehicle. You can also cancel your existing coverage. This may mean you are due a pro-rated refund from the provider for the canceled contract.

Let our team help you choose the right coverage for your needs. It’s easy and fast. Best of all, you may be surprised by just how affordable this type of contract can be for you.

Why Should You Use an Extended Service Contract?

Let’s make it easy to consider the benefits it offers. You are welcome to speak to our Financial Services Representative with any questions you have. With these contracts, you may:

• Secure an affordable contract that fits in your monthly auto loan payment and your budget
• Minimize the need to pay out-of-pocket for repair costs associated with your vehicle
• Choose your own mechanic, one you trust and feel good working with
• Benefit from extended protections such as towing to your mechanic and lodging if you are away from home

Avoid having to worry about an expensive surprise cost when you use an Extended Service Contract. That is the best way to reduce the risk on your wallet while also keeping your vehicle in good condition. With these contracts, you don’t have to wonder how you’ll pay for repairs when you cannot drive your car.

Get Started Now by filling out our contact form or give RefiJet a call to find out what type of Extended Service Contract can be included in your new auto refinance loan.

Hard assets like vehicles have value to them.  The amount of your vehicle for which you have already paid is the equity in your vehicle. What’s more, that equity is often available to vehicle owners, sometimes, you may owe less on your vehicle than what it is worth. That means you can often take out that cashback from the equity in your car and use it for other needs. Does that sound confusing? It doesn’t have to be. It can provide you with some of the best opportunities to reduce what you’re paying elsewhere.

What Is Equity in Your Vehicle?

When the value of your vehicle is more than the amount that you owe on your loan, you have equity in your vehicle. Here is an example. You purchased a vehicle a few years ago. The current value of the vehicle is $16,000. You’ve worked hard to pay down the loan. Right now, you owe about $12,000 on it. That $4,000 difference is equity. Many times, you are able to take out that equity to use for various needs you have.

How Do You Get Cash Back from the Equity in Your Car?

Lenders are not going to write a check to you for the equity just because you have it. Your current lender is not likely to provide a way for you to access those funds. However, you can do so with a cash-out refinance. That sounds confusing, but it can be fast and rather simple when you use RefiJet to help you with it.

During this refinancing process, you are obtaining a brand new loan. In the above example, you may borrow up to that $16,000 value of your car. The first portion of the new loan will be used to pay off the existing balance you have on your auto loan – the $12,000 you owe to the current lender. Then, you get a check for the remaining funds. In this case, that could be as much as $4,000.

This is called a cash-out refinance. You still have to pay off the $16,000 you are borrowing. Yet, new terms mean that you can do that in an affordable way, in most cases.

Why Should You Consider an Auto Loan Refinancing to Get Cash Back from the Equity in Your Car?

There are various factors that play a role in your ability to secure a cash-out refinance. Our team at RefiJet will help you to determine if you qualify for these opportunities. Factors such as the following play a role in your ability to use a cash-out refinance.

• The value of your car – we’ll base the value of your vehicle on a third-party valuation guide based on your specific vehicle and its features and mileage
• The amount you owe on your existing loan
• Your credit to determine the interest rate you qualify for
• The length of the term for repayment of your new loan

Here’s the good news. RefiJet makes the entire process as simple and as straightforward for you as possible.

Do You Qualify for an Auto Loan Refinance Like This?

There are various factors that play a role in your ability to secure a cash-out refinance. Our team at RefiJet will help you to determine if you qualify for these opportunities. Factors such as the following play a role in your ability to use a cash-out refinance.

• The value of your car – we’ll base the value of your vehicle on a third-party valuation guide based on your specific vehicle and its features and mileage
• The amount you owe on your existing loan
• Your credit to determine the interest rate you qualify for
• The length of the term for repayment of your new loan

Let Refijet Help You Get Cash Back from the Equity in your Car

Here’s the good news. RefiJet makes the entire process as simple and as straightforward for you as possible.

When it comes down to it, consider what you could do with the equity in your vehicle. If there are other ways you can use those funds to help you to make better decisions, reduce your debts, or just make a purchase, you need to turn to RefiJet. Our team may be able to help you secure an affordable monthly payment and get cash in your hand.

Customer service is important to us at Refijet, and we value our excellent customer reviews and our A+ rating from the BBB. That’s because we are dedicated to providing superior customer service to you. Fill out the form here to learn more about your options for a cash-out refinance. It’s easier than you think, and there’s no obligation to work with us. Get Started Now.

Life changes fast. In a moment’s time, you could be facing a financially difficult situation. Sometimes they are not necessarily sudden, but you find yourself struggling to manage the budget. You wish you could tweak your loans to get a bit of relief. For many of our clients at RefiJet, that is exactly what can happen. If you are facing life-changing events, take a moment to connect with our team to find out if refinancing your auto loan could improve your financial health.

When Life Happens, Reach Out for Solutions

Many factors change our lives each year. You may get married. Some people may find themselves facing a divorce. Others are struggling to manage their credit issues. You may have just had a baby or have one on the way. or moving can also change up your financial health. When you are sending a child off to college, that’s another good time to consider the value of refinancing your auto loan.

During these times, your income changes. Or, it may just be a time when you need to update your budget to reflect a different living arrangement. Here are a few examples.

• You’re thinking about retiring in a few years. You want to put more money into your savings now to take advantage of the potential tax savings. Refinancing your auto loan could help by lowering your monthly payment, giving you more money to tuck into savings.
• Refinancing auto loans is common when your marital status changes. You may qualify for a better interest rate by adding someone with better credit to the loan or you may need to remove a borrower if you and your spouse decided to split ways. During either a marriage or divorce, your financial lives will change significantly. That doesn’t mean you can’t pay your bills but having a lower monthly payment for your auto loan may make things a bit easier to manage.
• You may be having a baby in a few months. It’s an exciting time, but you really want to free up some money to help you to manage these new expenses while also keeping your monthly budget lower. That may be possible with an auto loan refinance, as well.

What’s happening in your life? What did happen that has you left wondering what your options are? At RefiJet, we can help you every step of the way to find the best loan terms for your needs, reducing at least some of that financial burden.

Is It Wise to Refinance Now?

Life changes like this help to shed light on your budget and your risks. You may no longer want to be in a loan long term and hope to refinance to a shorter loan. Others may want to save as much money on their loan by refinancing to a lower interest rate. When you are facing new changes to your life, take a few minutes to consider what auto loan refinancing can offer. Could it save you money overall? These are instances when you want to take a closer look at your options. Learn more about Reasons to Refinance an auto loan.

Changing Your Loan: Key Aspects to Consider When Auto Refinancing During Life–Changing Events

There are various reasons to refinance an auto loan during life-changing circumstances. Here are a few key reasons why you should take a closer look at your options now.

Adding and Removing Someone: When you are getting married or divorced, you may want to change the ownership of your vehicles. This can be done through a title change and a new auto loan. For example, during divorce, you may need to sell the vehicle or refinance it into your name to split the property legally. We may be able to help you with adding or removing a co-borrower from an auto loan.

Adjusting Your Monthly Payment: From retirement to changes in your job, whenever anything occurs, that creates a change to your monthly budget, consider the advantages of updating your auto loan as well. A new loan can help to adjust the length of time you have to repay, giving you some leeway within your monthly budget.

Add Extended Service Contract: Preparing for the unexpected is always important when it comes to vehicle ownership. With the help of an extended service contract, major repairs require less worry. This is an opportunity to reduce the amount you spend when you have repairs, such as engine and transmission problems.

GAP Coverage: You may be able to minimize some risk with Guaranteed Asset Protection. It helps to cover the difference in the value of your loan and the value of your car should you be in an accident that results in the vehicle being totaled. It may also help when the vehicle is totaled, and you owe more than what it’s worth. Refinancing allows you to add this protection to minimize your risks.

Adjust Your Loan Amount: You may want to adjust your loan amount, which can directly impact the amount you pay in monthly payments. If you have a valuable vehicle, you may be able to use the equity in your vehicle to pay down other debt you have that’s more costly.

The outcome of refinancing your auto loan can benefit you in various ways:

• Keep more money in your pocket each month.
• Secure better loan terms.
• Pay off your loan faster.
• Take care of other needs.

How to Do Auto Refinancing During Life-Changing Events

At RefiJet, the #1 rated auto lender in customer satisfaction for four consecutive quarters on LendingTree, you gain the key advantage that’s right for you. Various factors apply, including the value of your car, your credit strength, and your existing loan terms. Yet, on average, we help clients who are looking to reduce their monthly payment by $150. How can we help you? Work with our team to get a better level of control on your auto loan as life changes. Get Started Now.

Have you thought about the advantages of refinancing for cars, motorcycles, trucks, and SUVs? At RefiJet, we offer loan refinancing opportunities to people with a valuable vehicle in any of these areas. Each of the loan options we offer is specifically customized to meet your specific needs and, in addition to your credit, is based on your vehicle. For many vehicle owners, this is the ideal opportunity to save money, improve a budget plan, or just get more out of the value of your car.

Refinancing for Cars, Motorcycles, Trucks, and SUVs

At RefiJet, we work with most types of cars, trucks, and SUVs. If you financed the purchase of your vehicle and you’re interested in learning more about our refinancing opportunities, we encourage you to reach out to our team today. You can fill out the form on this page to get started.

Does Your Vehicle Qualify for Refinancing?

If you love your vehicle and want to keep it but not your current loan, refinancing could be a good option for you.  While our lending partner’s criteria varies from lender-to-lender, most look for a car that is newer than 10 years old and has less than 150,000 miles on it. Typically, there needs to be at least a $10,000 balance remaining on your current loan and you have made on-time payments for at least the last 6 months.

Your vehicle’s value is a big component in our ability to help you to obtain a new loan. In order for any lender to provide a loan to you – whether this is a first loan or a refinancing – they need to know your vehicle’s value.  The lower the ratio of your loan amount to the vehicle’s value, the less risk to the lender, so the better the terms they may offer.  At RefiJet, we work hard with you to determine what your vehicle is really worth. Various factors play a role in determining what that vehicle’s value is worth. Here is a look at some of them.

How to Figure Out Your Vehicles Value

Third-Party Guides: We use a third-party guide to tell us what the base value of your vehicle is. This type of guide calculates what vehicles like your own are being bought and sold for throughout the region. That gives us some idea of what the value is right now. For this, we use the make and model of the vehicle and any other details about its features to determine the overall starting point for the value. We also use the vehicle’s VIN – this identification number helps us to track down details about your vehicle for verification.

Mileage: Vehicles with lower mileage are likely to last longer, making them a lower risk for lenders. However, you don’t have to have a low mileage car to refinance your existing auto loan. Mileage is a factor in determining the value of it, though. Generally, we only can refinance vehicles that have 150,000 miles or less.

Features: Some vehicles have added features and special technology that helps to make them a bit more valuable than others. Some of this comes from the make and model and any added package or trim that the manufacturer offered. T

Did a Previous Lender Tell You No?

It’s not uncommon to be turned down for auto loan refinancing. There are various lenders that offer it, but many of them have very specific criteria for lending.  That can limit your access in some situations. That’s also one of the reasons to turn to RefiJet. To learn more about our lender’s criteria, check out our Am I Eligible Page.

At RefiJet, we work with multiple lenders. The benefit here is that we analyze your needs and situation and identify the option that works best for you. There’s never a guarantee, of course, but many of our borrowers do obtain the loan options they need.

When Should You Consider Refinancing for Cars, Trucks, and SUVs?

It’s always wise to learn about the benefits refinancing your auto loan can offer to you. Then, weigh those benefits alongside what you are doing right now. Often, our clients find a variety of benefits to refinancing. This may include:

• Reducing their monthly loan payment – on average, we help borrowers that are looking to reduce their monthly loan payment by $150*.
• Reduce their interest rate – that can lead to potentially significant savings in the amount you pay to buy your vehicle, which may save you money over the lifetime of your ownership.
• Secure better loan term – this can help to minimize the costs you are facing in the long term when owning a vehicle, sometimes helping you to tap into the value of your car for other needs.

If you want to save money on your auto loan or you just want to see what your options are, we encourage you to complete the form on our Get Started Now page.

Unsure of the Value of Your Car?

That’s okay. Our team will help you to determine the value of your car when you contact us. We recommend doing this as we use various tools and resources to figure out this information to ensure it is very accurate. What you find online from third party sites may not be accurate with our lenders.

Why Choose RefiJet?

Our goal is to make it easy for you to save money or to get the auto loan refinancing you need without the hassles and frustrations of working with several lenders to find the best deal yourself. You can count on us to offer more options in loans than some other providers. This may mean helping you to get a lower interest rate or to get a loan for your vehicle that other lenders will not cover.

To get started, talk to our team about refinancing for cars, truck, or SUV you own. Let us analyze your situation and help you find the best auto loan refinance option available.

Life changes can impact your financial health many times during your lifetime. With help from RefiJet, you may have a few tools to help you to keep things balanced and your debts paid on time. There are some situations when our borrowers benefit from adding or removing a co-borrower to their loan. If you have an auto loan right now, consider what this could mean for your situation. Our team can help you determine if this is a good idea for your next auto loan refinancing.

Add Someone With Better Credit

If you are currently paying on a loan with a high monthly payment or a high-interest rate, it may be because your credit history was not as good as it could have been when you applied for that loan. That doesn’t mean you have to stick with it. Sometimes, our borrowers will see their credit improve over time. When they refinance, they can tap into that better score to get an improved rate.

For others, their credit score hasn’t changed. If that’s where you are right now, our team may be able to help if you add a co-borrower to your new loan. A co-borrower is someone who shares the liability and whose credit credentials are considered when the lender is setting the loan structure, such as the APR. For lenders, it helps to minimize the risks of default on the loan. If you choose a co-borrower, it may make it easier for you to qualify for a lower interest rate.

The key here is to choose a co-borrower that has a good or better credit score than you have.  The co-borrower can also strengthen your application by adding additional income, which could also contribute to receiving a lower interest rate.  When you do, that person’s good credit and income may help to show lenders there’s less risk, allowing them to lower the interest rate they charge you.

What Can a Co-Borrower with Good Credit Do for You?

Lenders want to see the least amount of risk present when approving auto loan refinancing. Adding a co-borrower with a better credit score may help you in one or more ways.

• You may qualify for better loan terms. This may mean a longer-term, which can extend your payment window, but reduce your monthly payment.
• You may secure a lower APR. A lower interest rate on your auto loan can help to reduce how much money you spend to buy your car overall. Lower interest may also mean a lower monthly payment to some borrowers.
• You may also get improved flexibility about deal structure. When you add a co-borrower, the addition of stronger credit and/or additional income can help the application qualify for different loan structure options.

If you know someone that has a good credit score that is willing to be your co-borrower, contact RefiJet today. We can determine if this helps you qualify for a better deal on your auto loan refinancing.

Removing a Co-Borrower

In some situations, you may already have a co-borrower on your auto loan. Perhaps you needed that borrower to help you qualify for the loan. Now, you may have stronger credit or more income. You may now qualify for an auto loan on your own for various reasons.

Removing a co-borrower from your current loan is possible in most situations. Refinancing your auto loan can help to accomplish this, though there are several steps that must be taken to ensure it is possible. If you believe you qualify for a loan on your own – using just your credit – speak to RefiJet about your options.

How RefiJet Can Help With the Process

When you refinance with RefiJet, our team can handle the process of getting a new title that reflects the changes you want to make. At RefiJet, we make this far easier on you than you think it could be. The new title will reflect the addition or removal of the borrower. Keep in mind that the co-borrower needs to agree to this process. Our team can obtain the necessary permission from the person that you wish to add to or remove with your new auto loan. Learn more about RefiJet’s Auto Refinance Process.

Is This the Right Option for You?

Many times borrowers want to remove a co-borrower or consider a loan refinance with an added co-borrower, but they are worried about the process, including whether they will qualify for the loan. It’s okay – we can help answer those questions.

When you fill out the contact form, our Financial Services Representatives will work with you to calculate all of your options. You can apply for a loan refinancing very quickly and get an idea of what you can expect from the process right away.

Adding or removing a Co-Borrow From Your Auto Loan

We can do this for you without any risk to you and at no cost. You do not have to just wonder about these options. We can help you figure out the solution.

RefiJet works with a variety of borrowers and can help in many situations. As the #1 rated auto lender in customer satisfaction on LendingTree for Five consecutive quarters, we are committed to supporting you as you weigh your options. We also have an A+ rating from the BBB.

Changing the title and auto loan you have can make a big difference in the long term for you. Take the first step to find out what you can expect to pay for a new loan with or without a co-borrower by contacting our team. It’s easier than you think to get the support you need. Get Started Now.

Do you have a lease on your car, motorcycle, truck, or SUV? Is it coming due?  Would you like to buy out your lease?  If you like your vehicle and want to keep driving it rather than buying or leasing a new vehicle, you may want to do a lease buy out.    You normally would have to make a large balloon payment at the end of the lease if you plan to keep the vehicle. At RefiJet, we can help you buy out your lease by getting a loan rather than making a large balloon payment, giving you the ability to pay over time.

How Can You Refinance Your Lease Into an Auto Loan?

If you want to buy-out your lease at the end of it, this can prove to be an easier-to-do process than you realize. For vehicle owners who want to keep their vehicle, the balloon payment owed is typically required to be paid in one lump sum. You could turn in the vehicle in and start all over. However, for many keeping the car is the best choice. You can take that balloon payment (residual) and finance it.

When you are facing the end of your auto lease, it’s important to consider the benefits of keeping the vehicle or not. Depending on the vehicle and your overall needs, you may want to keep it, as buying a new vehicle can cost significantly more. That’s why so many people just move that balloon payment they owe into an auto loan – it’s fast and requires no upfront payment of that balloon payment to the leasing company.

You Can Buy-Out Your Lease at Any Time

Do not wait until the end of the lease term to do this. You are able to buy-out your lease at any given time during the lease period. There are some leases with limitations to this option, but most vehicle owners will be able to buy-out the vehicle’s lease. There could be advantages to this, including lower monthly payments and a lower interest rate.

Is It Time to Stop Leasing?

There are some good benefits to leasing, such as being able to get a new car every few years. However, leasing is not always ideal. In the long term, you have to make a balloon payment like this to buy the car.

When you buy a vehicle using an auto loan, you eventually own the car after the loan is paid in full. With every payment, you are not just “renting” the car but purchasing ownership in it. It builds equity, too. When you finance the lease residual and keep the car, you are actually buying the vehicle – and you are getting a loan to finance the purchase through our lenders at RefiJet.  In other words, you are turning a lease into a loan, and moving from “renting” to owning.

How Does the Process of Buying-Out a Lease Work?

Here’s the good news – you do not have to do a lot of hard work during this process. RefiJet can walk you through the process. It doesn’t have to be complex or time-consuming. We can help you with it even if you are right at the end of the lease and do not have a lot of time to make a buying decision. Let our team help you with this decision.

Give us a call or request more information here. When you do, our team will then work with you to give you some offers. You do not have to commit to buying out the vehicle just yet. Instead, learn what your options are and what you can expect from the process. We can answer all of your questions and give you loan estimates, so you know what you are paying and for how long.

RefiJet specializes in lease buy-outs. That makes our team the ideal professionals to reach out to when you need to know if a buy-out loan is a right choice for your unique situation. We can handle every step of the process, including helping you get the new title in place

What Can You Expect from the Process?

RefiJet offers solutions. We will evaluate multiple lenders and your personal goals with the loan, such as lowering your monthly payment and match you with the solution that puts you in the best loan for which you qualify. Here are some of the factors to keep in mind if you plan to get a new loan to a buy-out of your lease:

• We discuss the monthly payment options; depending on the amount you owe on the loan, you may find the monthly payment is affordable to you.
• Choose the length of the loan that fits your needs; sometimes, a longer loan can help to reduce the monthly cost.
• We discuss the interest that applies to the loan; see different options to fit most needs here, too.
• There’s no pre-payment penalty, which means you can pay off the loan early and save even more on the interest.
• The entire process can be done quickly, allowing you to complete the buy-out quickly.

As You Are Getting Closer to the End of Your Lease?

Consider whether buying the car is what’s right for you. When you are ready to avoid that big balloon payment at the end of the loan, let our team at RefiJet help you.

We specialize in helping our clients secure the best lease buy-out terms available. We have an A+ rating with the Better Business Bureau. Our team has been consistently rated highly for the customer service we offer.

There’s no risk and no obligation to contacting RefiJet to learn more about the options available to you. Fill out the form on this page or give us a call to learn more about a lease buy-out for your car, truck, or SUV. Get Started Now.

Refinancing an auto loan may help you lower your monthly auto loan payment. A new loan means new terms, a new interest rate, and a potential drop in the amount you’re paying every month to purchase your vehicle. For those consumers ready to save money in their monthly budget to use for other things, it’s time to turn to RefiJet.

How Can You Get a Lower Monthly Payment on Your Car Loan?

When you obtained your initial loan from your lender to buy a car, they provide you with a monthly payment that matches the terms of that loan option. Over time, factors change that may make it possible for you to pay less on a new monthly auto loan payment. Here are a few reasons why you may qualify for lower monthly payments.

You Qualify for a Lower APR

A lower interest rate on a new loan may help to drop your monthly payment considerably. Many people have a rate that’s much higher than it needs to be. Our team at RefiJet often helps consumers to secure a lower rate for many reasons. In some cases, you may get a lower interest rate because your credit score has improved since you initially borrowed the funds. Others benefit from better terms available now than when they first obtained the loan.

You’re Borrowing Less

When you refinance your loan, you’re only refinancing the amount you still owe on the loan. With less to refinance into a newer loan, you’re borrowing less, making loan payments smaller than what they were initially.

You May Extend the Length of the Loan

Though not all people need to do this, some consumers benefit from extending the repayment period of their loan. For example, if you still have 36 months left on your existing loan, we may be able to provide a 48-month loan instead. This helps to stretch out those payments, making each one a bit smaller.

Check out how much you could save by trying out our auto refinance calculator.

We’ll Help You Find the Right Loan for You

Our team at RefiJet will work with you to create a customized loan. The goal is to determine the best way to help you save money. We’ll help you to find the best interest rates, terms, and fees to make repayment as simple as possible.

That’s why, on average, we’re able to help our customers reduce their average monthly payment by $150. That’s a significant amount of money you don’t need to be paying right now.

You Choose What’s Best for Your Situation

Our team works closely with you to provide you with refinancing options. There’s never an obligation to move forward with the loan offer. However, you are able to know the terms available to you, choose which one is right for your needs, and start benefiting from the process.

Keep in mind that we only do a soft pull initially on your credit. That means you don’t have to worry about your credit score taking a hit from requesting information about how we can lower your monthly auto loan payment. It’s a fast and easy service that gives you the information you need to make the right decision for your situation.

What Will You Do with the Extra Savings?

Reducing your monthly car loan payment is a good thing. What could you do with those funds? Imagine a few key scenarios:

• Having a lower monthly payment may make it easier to make your monthly payments consistently on time. If you’re struggling to make payments now because it is too high, refinancing drops those risks significantly.
• You could boost your credit score as a result of making those payments on time. You may also use those funds to pay down other debts you have. That extra $150, on average, can help chip away at other debts.
• You can save the funds for a trip or something you want to buy.  Or you may just want to start a savings account.
• You can use the funds to balance your budget better, too. For some people, that means being able to take care of other expenses with more ease.
• Use those funds to invest. You can start building your savings instead of paying interest.

The faster the refinance is completed for you, the sooner you could have those savings in hand to use as you would like to. At RefiJet, we understand just how important it is for you to have the lowest monthly payment. It impacts your spending at the grocery store, on credit cards, and in long-term ownership of your vehicle.

Most importantly,  you are saving money on the monthly payment. That’s the money you work hard to earn. You don’t have to give the money to a lender. You can use it for your own benefit.

How to Lower Your Monthly Auto Loan Payment?

At RefiJet, we make it easy for you to know what your options are. There is no obligation and no risk in working with us. Our team works with you, whatever your reasons to refinance your auto loan are, we give you customized options knowing there isn’t one loan offer that is right for every borrower.

We’ve been rated the #1 auto lender in customer satisfaction by LendingTree for five consecutive quarters because we’re passionate about helping our clients to save money and to make buying their vehicle easier. Get Started Now and one of our Financial Service Representatives will be happy to help find you a new loan. You are sure to find RefiJet offers the comprehensive solutions you need to lower your auto payment each month.