How to Refinance Your Car Loan

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With low interest rates and eager lenders ready and willing to help you reduce your monthly payment, why wouldn’t you want to refinance your car loan and save money on your Indianapolis and Zionsville, IN commute? At Indy Car Financing, we make it easy to get the money you need at a competitive rate that can help you save hundreds of dollars – or more – on your new or used car. Read on to learn more, then fill out our easy online finance application and get started saving with us.

When and How to Refinance Your Loan

Because there are fees associated with any new loan, and a new contract could extend the length of your repayment, refinancing isn’t something to be done lightly. There are certain circumstances, however, according to Bankrate and Nerd Wallet when refinancing your car loan can help you save big:

  • Your FICO Score Has Improved: If you’re establishing, or re-establishing credit, you may find yourself with a high interest rate as a result. If you’ve been making your payments on time and your FICO score has improved, you could save big with a refinance.
  • Interest Rates are Lower: As the market changes, rates go up and down. If auto rates have made a significant drop, it might be worth refinancing to save on your monthly payment.
  • You Want to Purchase Your Leased Vehicle: If you have fallen in love with that leased car and want to make it your own at the end of your contract, a refinance loan can help you get the cash you need to make that happen.

Let Indy Car Financing Help

Our knowledgeable credit team can help you review your current loan and find a product that can help you reduce your monthly payments and free up more cash for the things you want to do. Even if your credit is less than perfect, we can help you find the right financing for your needs and get you back on the road fast.

Learn More Ways to Save at Indy Car Financing

We can help you save when you refinance your car loan with Indy Car Financing. Contact us now at (855) 468-6215 or stop by our Speedway Chevrolet location at 5252 38th Street in Indianapolis, IN, not far from Zionsville, IN.