Wondering if you should refinance your auto?

Posted on June 10, 2019 by NALN

Many things can change over the course of an auto loan to make refinancing worth considering. Maybe you want to find a more affordable payment, take cash out against the value of their vehicle, or change your loan for other reasons.

Here are some situations where you might want to replace your auto loan with another one at new terms.

Your credit score has improved

Credit score has a big impact on the interest rate of an auto loan, so if your score has improved, you may be able to get a better rate. With a reduced interest rate and APR, refinancing a loan for the same or a shorter duration than remains on the current note can lead to savings.

Interest rates have dropped

Interest rates go up and down over time. A fall in auto rates could provide an opportunity to take advantage and apply for a lower rate on your own loan.

You need cash

With cash-back refinancing, applicants have the chance to use the value of their vehicle to access a lump sum payment. The National Auto Loan Network offers up to $1,000 cash-back in many situations. Consumers can use the cash to consolidate high-interest debt or make various purchases.

Easy application process

It takes only minutes to apply for auto refinancing with the National Auto Loan Network. Enter your details online at www.naln.com and click to apply securely. You’ll receive a decision the same day. If approved you’ll receive the terms of the offer. NALN handles the paperwork sand there are no additional fees. It’s a very simple process!

About National Auto Loan Network.

National Auto Loan Network is headquartered in Newport Beach, California. The company was founded in 2010, by a group of finance professionals with over 40 years of combined industry experience. Under the direction of president and CEO, Marco J. Rasic, NALN specializes solely on the refinancing of motor vehicle loans. National Auto Loan Network''s skilled team of loan officers help hundreds of consumers replace their high-interest auto loans more favorable ones. For more information about National Auto Loan Network please visit naln.com