We know what you’re thinking: long warm days, the great outdoors, you and your family traveling for summer. But before you start dreaming about taking your wheels out for a road trip this summer, you might want to run through a checklist of how to refinance your auto loan to help free up funds.
Benefits of an Auto Loan Refinance
After you refinance your auto loan, you get access to lower monthly payments, lower total interest rates, and a grace period after the refinance. On average, refinancing can save you 1.5% compared to your previous loan terms.
Refinance Your Auto Loan with a Credit Union, Not The Dealership
Often, when checking your email’s spam folder or passing by billboards on a walk, you’ll see advertisements for auto loans at a dealership. They’re promising and flashy, but don’t overlook the fine print. Often, these loans carry a hefty interest rate. Car dealerships make most of their yearly revenue on car leases and auto loans.
At DEXSTA, you can have peace of mind when it comes to refinancing your auto loan. We want to help you get the lowest interest rate possible and aren’t motivated by car sales. When in doubt, give us a call and we can walk you through the process.
Before You Refinance Your Auto Loan
First, we recommend checking out our current loan rates to see where you currently are and where you can be. This is an essential first step to understanding the type of interest rate and monthly payment plan you may qualify for.
After familiarizing yourself with these rates, we recommend filling out our form to get preapproved for a loan. Once you’ve got your preapproval in hand, you can start making decisions. Like allocating funds saved from a lower auto payment towards your summer travels. We provide fast responses to inquiries so you can get to work planning your summer travel plans.
From there, we will put you in touch with an auto loan officer who knows this process inside and out. You can get the process started with the press of a button.
Rain or Shine, DEXSTA is Here to Help
Do you already have a loan from another lender? No problem! Switching plans isn’t nearly as complicated as it seems. We provide low-rate, quick-decision loans, so you don’t have to do all the heavy lifting. No matter where the road takes you, DEXSTA is riding shotgun.