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Refinancing a car loan can save you money on interest payments and
lower your bill, but only if you find the right deal. Luckily, online car
loan lenders can help you sort through rates and fees with fast quotes.
Just by entering basic info, you can receive loan offers in minutes.

Start Asking For Quotes

The quickest way to gather quotes is to work with a broker site. A
broker partners with several financing companies to offer special deals.
Enter your information and receive multiple offers. You can find some
great offers in these spots.

If you have time, expand your search to include specific lenders. The
more quotes you get, the more likely you are to find that great deal.

How To Get The Best Quotes

The best quotes are the ones that are accurate. They are only as good
as the information you find them. So make sure the car loan quote is
marked a refinance loan and you submit the right year and model of your
car. Also, be specific with your credit score. If you don’t know, you can
request it from a number of credit agencies.

The length of the refinance loan will also affect your costs. The
shorter the loan, the more you will save in interest. A delay of two years
will usually cost you a point or more. You can request quotes with
different months to see the difference.

If you just want a general idea of rates, look on lender sites. They
will list rates for excellent credit scores. Refinanced rates usually
have their own category, but are usually close to used car loan rates.

Applying Online For Refinance Car Loan

Once you find the right loan quote, you can apply online. Providing
basic information, your information can be processed over secure servers.
In a few days, you will receive the final contract in the mail, along
with a check. You simply sign the check over to your original lender and
complete the forms with a notary. Then send the forms back. After that,
you are done and can start enjoying your savings.