Auto Refinance (Apply Now)

How much can you save by refinancing your car? It’s about keeping the car you love. And lowering the APR you don’t. Why consider auto refinancing? Two words: Save money.

But is refinancing right for you? Ask yourself three basic questions:

1. Did you obtain the loan from the dealer that sold you the car?
2. Is it possible that another lender may have offered a lower rate?
3. Are you interested in increasing the equity of your car, reversing the "upside-down" trend of your car’s value depreciating faster than you pay off the loan?

If you answered 'yes' to any one of these questions, then auto refinancing makes a lot of sense. And cents. You can literally save $1000s of dollars over the life your loan. Consider this example:

If you originally borrowed $20,000 at a rate of 13.4% over a period of five years, and then refinanced after four months to a new, lower rate of 9.1%, your savings over the remaining life of the loan would be more than $2,350.

Will you receive a lower APR?

Well, if you financed your car at a dealership, you probably paid an interest surcharge called Rate Participation, without even knowing it. Dealers will generally make money on the interest rate you're charged by marking up the rate that lenders provide. Sometimes a rate hike can be 3% more than a bank would have charged you otherwise. In cases like these, your current credit rating already qualifies you for a lower rate, one that would result in lower monthly payments.

Sound too good to be true?

It isn’t. Auto refinancing involves a simple application, one that can be completed online in a matter of minutes.This is followed by a phone call from a loan agent who verifies your application and gets you a credit decision. The lender then simply pays off your old loan, and opens your new loan at a reduced rate and payment for you. In the meantime, you’ll receive some paperwork via post mail for your signature. That’s it!

There must be a catch.

Nope. Frankly, an auto refinance loan is a smart move for consumers that are paying too much on their existing auto loans. You don’t have to worry about application fees, pre-payment penalties or any hidden charges either. With Harbor Credit’s no-obligation process, you’ve got nothing to lose except oversized payments.

Harbor Credit can help.

To get started, click here to go to our auto refinance application.You’ll get a credit decision in minutes. But don’t wait. Everyday you put off refinancing your auto loan, the interest payments accumulate, and the difference between your loan balance and your vehicle's value grows. Get started with Harbor Credit’s refinance application in just one click!

More Consumer Loan Information

Links

New Car Rebates -- Newcarrebates. Net car research section includes all current 2006 2005 new car rebates & incentive programs from manufacturers and auto dealers.
Auto Rebates -- Before buying a new car, you should be aware of the latest car rebates and incentives. To drive car sales, automotive manufacturers push massive auto rebates and incentive savings to the consumer.
Car Rebates -- Before buying your new car, you should be aware of the latest auto rebates and incentives. To drive car sales, automotive manufacturers push massive car rebates and incentive savings to the consumer.