Refinancing your car loan will reduce your monthly payment with the benefit of a lower interest rate too!
One way to come up with some extra cash is to refinance your car with Bargain Auto Finance.
We offer a variety of refinancing options:
- Extend the term of your current loan at current outstanding balance (settlement) and reduce your instalment.
- Refinance your vehicle for its current market value over a longer term, receive the cash difference and still pay a smililar instalment.
What does vehicle refinancing entail?
Refinancing is the restructuring of your vehicle dept, which ultimately results in a lower monthly premium. During the refinancing process any, or all of the following may occur:
- The interest rate could be reduced.
- The loan term may be lengthened.
- The premium may be reduced.
- Cash may be made available to you.