Tips for Auto Refinancing

Refinance and Save

You don't need an appraisal to refinance your car loan

Get Your Credit Report First:

Most lenders won't refinance their own auto loans, so you need to look for a different lender to refinance.

Your actual APR depends on your credit rating

Refinance your auto loan early

Who should refinance their auto loans?

Auto refinance loan applications need to be in the same names (with exact spelling) as the names on your current auto loan. Have your car loan account number ready. You must refinance more than $7500. Any less and it's not worth the auto refinance company's time. It's also important to have all the vehicle information accurate so that the new lender can check your car's value to make sure it meets Loan to Value ratio guidelines. Enter the year and model and enter the 17 digit VIN (Vehicle Identification Number), found on your dashboard or registration. Check your car's value first to make sure your car has more value than the loan you still owe on it.

Refinancing an auto loan can be easy

To refinance your auto loan, follow these easy steps:

• Call your current car loan lender and ask for your car loan payoff amount.
• Visit a car lender website like Capital One Auto Finance or Up2Drive and apply online if their APR is at least 1% less than your current car loan APR. Be sure to enter your vehicle's 17 digit VIN from your registration, and enter your name as it appears on your current auto loan.
• Your car refinance loan is usually approved in about an hour
• They will email you instructions on how to payoff your current car loan.
• Tell your current bank who your new lien holder will be, and have the title sent to them, not you.
• Use a free online payment calculator to check your rates and payments.
• Your state may charge a fee of $5 or more to transfer lien holders.
• Your loan can be usually be refinanced within 2 days.

Some of the best auto refinance sites are up2drive.com and FirstAgain.com Loans for Autos or Anything Else - Good Credit Only. A Better Loan Experience Guaranteed! , with lower APRs than dealers.

Slowdown in Filings Fuels Competition for Bankruptcy Cases

Something new is hitting the bankruptcy bar: a slowdown. Just two years after the collapse of Lehman Brothers Holdings, the number of businesses filing for Chapter 11 is dropping off. Meanwhile, competition is heating up among firms eager to handle newly filed cases as recent years' large bankruptcy matters wrap up. Business bankruptcy filings nationwide fell 4 percent in the first six months of ...

84 Lumber closer to refinance goal

This article has been read 5431 times.

Why so many play debt roulette

More and more people out there are not paying what they owe, whether it’s the mortgage check for this month or a home equity loan from a couple of years ago when they were feeling flush enough to splurge on cars, boats or whatever they ...

Business Highlights

The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.

Chemtura Plans Sale in Year's Busiest Week for Junk Bonds: New Issue Alert

Chemtura Corp ., the bankrupt plastic-additives maker, plans to sell high-yield, high-risk debt as junk issuance is poised for its busiest week this year.