Refinancing can lower your monthly payments and reduce how much you pay in interest. Learn everything you need to know about refinancing your used car auto loan at Sansone Auto today.
Consider If Refinancing is Right for You
Before you take the next step in the refinancing process, you want to make sure it’s the best option for your needs. Look at the current remainder of your loan, as well as your term length, interest rate, APR, and current monthly payment, and compare it against other loan options to make sure the switch works out in your favor.
Check Your Credit Score
Your credit score affects your term options the first time you finance and during the refinancing process. If you have a lower credit score, the new financing options might not be an improvement. Refinancing can also affect your credit score, at least initially, so you want to make sure it’s really worth it to refinance your vehicle.
Prepare and Research
You’ll need to have several things on hand when you start the refinancing process, and the more prepared you are, the easier it will be to refinance. Gather essential documents and information like your license, registration, proof of insurance, proof of employment, VIN, and information on your current loan.
You also want to research your different refinancing options in advance and familiarize yourself with your options.
Refinance Your Auto Loan at Sansone Auto
No matter what your vehicle financing needs might be, Sansone Auto is here to help. Visit our dealership to find the perfect pre-owned vehicle and take the next step in the refinancing process with support from our team today.
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