- Your credit score has improved
- You’ve had financial setbacks
- Your initial interest rate was too high when you first purchased your vehicle
Auto refinancing with Swap My Rate may allow you to save money by lowering your interest rate on your car, truck or SUV.
If your credit score has improved since you first purchased your vehicle, this is best opportunity to take advantage of low interest rates and lower your monthly payment. Refinancing may save you money in the short term by lowering your monthly payment, but it also may save you money in the long term by lowering your interest rate.
DEFER A CAR PAYMENT
Refinancing your vehicle allows you to defer payments if you need to hold off on monthly car payments for awhile. If you’ve had any financial setbacks recently, having those extra funds on hand allow you to take care of yourself and your family.
PAY YOUR CAR OFF FASTER
You can shorten your loan term and even lower your interest rate. That’s less time accruing and you’re paying off your principal much faster.
Credit Unions have more satisfied members and much better rates. Swap My Rate’s lender network is comprised solely of credit unions.
What is Required to Refinance an Auto Loan?
Anyone who is 18 years or older and a U.S. citizen with an existing auto loan can apply to refinance anytime after they have purchased their vehicle. All you need is your personal and vehicle information to fill out our simple online application. Swap My Rate has a quick and easy 4 step online application process to find the best match for you.
*Not all applicants will qualify for the lowest rate.