If you’re looking to lower your interest rate along with your car payment, you aren’t alone. Many people can refinance and save an average of $60 a month off of their car payments. Your options will depend on your current situation. We can help.
Do you know your credit score? This is the key to refinancing, as it will determine what options you have.
| Good Credit Refinance | Bad Credit Refinance |
|---|---|
| (credit score better than 600) | (credit score worse than 600) |
| – Mileage < 75,000 – Car is 6 years old or newer – At least $2000 a month in income |
1. Improve your credit score.
2. Trade in your existing car for a car that the dealer can get you a better rate, and lower payment on. |