Auto Refinance Loans

An Easy Way
To Save Big Money!

Auto refinance loans have become more popular than ever before. With the economy dragging, consumers are looking for ways to save as much money as possible each month.

Auto refinance loans are an exceptional way to do just that...Save Money! In fact, if you were able to reduce a 72 month auto loan by $60 a month, that would equal over $4,320 in savings.

Call me crazy, but that's some serious money!

Consider refinancing, you'll thank yourself the next time you make your, much smaller, monthly car payment.

I personally recommend Up2Drive (BMW Bank of North America) for refinancing your auto loan and have found that their refinance rates are extremely competitive. They currently have rates as low as the mid 4's, which is going to be hard to beat.

You can Apply Here - up2drive.com, for only a few minutes of your time you could save hundreds, if not thousands of dollars over the course of your loan.

Auto Refinance Loans
Costs & Examples of Savings

There are multiple reasons to refinance your car or other auto loan, but one of the most common reasons is to lower monthly payments by refinancing the car dealers finance profits out of your payments.

Yes, car dealerships profit when they arrange financing for customers and this profit can lead to you overpaying $20, $30, even $60 or more per month to cover their profits. That's a lot of money wasted...

Refinancing an auto loan is typically an easy process and you should not be charged to refinance.

On occasion a lender will charge a small document preparation fee, but these fees are becoming less common.

The only other fee you may encounter would be a title transfer fee which is paid to your states Motor Vehicle Division. This fee will vary from state to state, but usually runs between $5 and $65.

Examples of Savings
Money that you could potentially save with your auto loan refinance. What a difference a few % points makes.

Take a look at this very simple, but effective auto refinance calculator to compare up to 4 different refinance loans at once.

Definitely Need

• Your Vehicle Identification Number (VIN)
• Your vehicle's current mileage
• Name of current lien holder
• Current loan information
• Original amount financed
• Current payoff amount
• Current monthly payment
• Length of finance term (60, 72 months, etc.)
• Make, model and style of your vehicle (i.e. Honda Accord EX)
• Social Security Number
• Date of birth

What You May Need

• Proof of income (pay stub, bank statements, tax returns, etc.)
• Proof of residence (utility bill, etc.)
• Personal references (3-6 with address and phone number)
• Proof of checking account

These "may need" items are usually for auto refinance loans for customers with some credit issues, but lenders have tightened up recently and even with better credit don't be surprised if they ask for proof of what's on your refinance application.

Recommendations and Questions
As mentioned earlier, I recommend up2drive.com for auto refinance loans, due to their low rates and easy process, but if you'd like to find additional sources, then take a look at my how to refinance car loans page.

By the way, I'm only an email away if you've got questions specifically about your refinancing. Take a look at refinance my auto loan to read some commonly asked questions and/or to ask your own.

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