As of January 2019, the average APR for a 48-month auto loan was 5.30%. Average auto loan rates January 2019 48-month new car loans 5.30% APR 60-month new car loans 5.37% APR 36-month used car loans 5.54% APR The average APR for 60-month auto loans was a little higher at 5.37% APR. However, dealerships can […]

What are origination fees? Find out how much they are costing you and how to reduce them.

Average loan origination fees by loan type Mortgages 0.5% – 1%. Auto loans 0% – 2%. Student loans 0% – 4%. Personal loans 1% – 6%. Small business loans 1% – 6%. Interest rates are often the first thing people look at when applying for a loan. And while it’s important to know how much you’ll pay in interest, there’s […]

how does car refinancing work

How Does Refinancing a Car Work?

Refinancing a car loan is the process of replacing your original auto loan with a new one. That much is obvious, but how does refinancing a car work Depending on your situation and credit profile, refinancing could save you money through a lower interest rate, a longer repayment period, or both. It can also give […]

Is Refinancing Your Car a Good or Bad Idea

Is Refinancing Your Car a Good or Bad Idea?

Is refinancing your car a good or bad idea? Remember. Refinancing an auto loan doesn’t always save money. Here´s how to determine whether a refinance is a good deal. The average car loan in America is now anywhere between $400 – $500 according to an Experian report. $400 – $500 Average car loan payment in […]

auto refinancing requirements

Many people will get an auto loan to purchase a car and then not give it much thought after that, other than the monthly payment. However, it’s possible you could be saving money by refinancing your auto loan. Gary Guthridge, manager of the consumer lending portfolio for Navy Federal Credit Union, advises, “Don’t overlook your […]

auto refinance with bad credit and high mileage

If you have bad credit, you might feel like your options are limited when it comes to getting an auto loan or refinancing your current one. But depending on your credit and financial situation, you may still qualify for a loan with better terms than what you have now. Another roadblock for many is that […]

Find the best auto refinance deals

As of March of this year, the average interest rate on a 60-month loan for a new vehicle was around 4.5%. If your credit is good and your rate is equal to or higher than the average, you may be overpaying. Refinancing your auto loan can help you to lower your payments and save money […]

Chase Auto Finance Review

Discover how Chase auto refinance compares with outer auto refinance lenders. Here is an in-depth review of the pros and cons, and the application process. Chase is one of the “big four” U.S. banks which collectively holds 39% of U.S. customer deposits. It offers a wide range of products including credit cards, banking, home loans, […]