The Advantages of Refinancing Your Vehicle
With the end of the tax year coming up, you might be wondering if it’s worthwhile to refinance your vehicle. For many people, the answer is yes. Still, you’ll want to know the advantages and disadvantages of refinancing your car loan. Visit Apple Chevrolet Tinley Park to learn more about refinancing options today!
When Refinancing Makes Sense
Vehicle refinancing can be beneficial in many situations. A good time to refinance your vehicle can depend on the circumstances of your initial loan. If you settled on a poor rate on the initial loan because of credit problems, refinancing may help you lower the rate. Refinancing also makes sense when the term on the first loan is too long and the car is aging, or your overall financial well-being has improved. While they’re low right now, interest rates are expected to sharply increase next year. This means refinancing is a great idea right now.
Benefits of Refinancing Vehicles
Better Interest Rates
- While they’re low right now, interest rates are expected to sharply increase next year. This means refinancing is a great idea right now. Rates right now are also probably lower than when you first financed your vehicle, so take advantage of them while you can.
Savings Can Add Up
- Getting a better interest rate or shortening the loan’s term alone will save consumers on interest charges. This could add up over time. Even a thousand-dollar savings over the term of a loan can make a huge difference.
Low Cost to Refinancing
- The cost of trying to refinance your vehicle should be very low. State licensing and lien holder fees shouldn’t tally more than $100 and car appraisals are not required. You’ll want to make sure to know your credit score to know where you stand.
Use Our Expert Finance Specialists
At Apple Chevrolet, get Finance Specialists at your fingertips. They’ll help you refinance your vehicle and receive great savings. Our website is also a good place to get your finance application started too. It’s quick and easy. Once we have your application one of our Auto Financing Specialists will get in touch to provide you with your options.
Visit Apple Chevrolet!
Looking for a Chevy dealer near me? At Apple Chevy, we have great new and used Chevys for sale, an excellent service department, and a helpful staff to help you find the perfect vehicle for you. Visit us to learn more about refinancing options today!
