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What Is The Lowest Auto Loan Refinance Company Out There?

I am trying to refinance my Mazda car and currently, I am making a payment of $300 a month. What company has the lowest auto loan refinance interest rate? Needs to be available to Florida residents and it does not matter if it is an online company only. Thank you.


Sorry, you posted this twice, so I'm answering twice. I want to be sure that people down the road get the right information.

There is no one lender with the "lowest rates." We have many lenders that, depending on the situation, have the "lower" rate than the others. It just depends on your car and your finances.

Please note that Florida is enforcing a law that will make you pay sales taxes on your car again if you are refinancing to remove or add someone onto the loan (co-signer). Please just be aware of that as you are moving through the process.

I would start with a local credit union, but really, any one of the major auto refinance brokers are going to be talking to the same financers.

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Where can I get an auto refinance loan that will give me extra cash over and above the payoff for my car?

I want to do some extra work on my car to enhance it's value and condition, rather than just trade up. I like my car and I know what I've got into it already. I don't want to get another used car--something that I have to start all over learning about, in terms of its mechanical needs. I just want to make my current car better, with the extra cash imbedded in the refinance.


you can get cash above the payoff for your car if you have enough equity to meet the LTV guidelines for the bank, and still have room. Check with all the local banks to see what their guidelines are, and what they would lend on your car.

Why will noone approve me for an auto refinance loan?

I have a decent credit score (650-700), lived at my resident long enough, been at my job long enough (almost 2 years) and make more than enough money to get a loan. I have paid on the car for 7 months on a 6 year loan. The interest rate is over 20% right now and have an excellent payment history on all my accounts/credit cards. So far, most reputable financing companies have rejected me online. I will soon go to banks and credit unions. Any suggestions?


Your best bet is to go to a credit union first- they tend to be more lenient and offer better rates, usually. What you are describing about your situation does not add up at all. If you really have 650-700 for a score, been at your residence for 3 years, had a STABLE employment history for at least 2 years and make more than enough money- you sould have a much lower interest rate.

Also, a good place to check is...

http://www.knowledged.info/go.php?link=auto

Hope that helps.

Where is the best place to refinance my auto loan?

When I first got my auto in March 2006 my interest rate was 17.9% I refinance in September 2006 with E-loan for a rate of 11.04% we recently bought a home and our finally establishing some credit. So I think its time to refinance again. Does anyone recommend a great place to get a great rate?
Thanks I really appreciate it!


Why not use E-loan again?

Realize that interest rates have risen during the past 2 years and with your mortgage, you may not be able to do better than 11%. Plus, your car has continued to depreciate and there may not be any equity remaining for a refinance. Just be happy with what you have and make timely payments until the balance is $0.

Are there any good banks or insurance companies that will refinance your auto loan with good rates?

I am tring to refinance my auto loan , but the only place that I came across is StateFarm. Are there any other places that I can look into?


Local banks, credit unions.

Personal loan or auto refinance websites?

I am trying to refinance my car through way of either a lender that deals with auto refinancing or through a personal loan. I got denied a loan to refinance my car, but only because the value of my car is like more than half of what I still owe on it.

So are there any reputable sites that deal with personal loans, or auto refinancing? I've already tried lendingtree.com, and that is still processing. And I got denied by Chase.


Please don't visit the other three sites listed on the answer above. I have reported the answer for being spam. They ask for personally identifiable information like SSN without a secure connection. Bad Idea.

A few other sites you can try for refinancing include:
http://www.rategenius.com
http://www.myautoloan.com
http://www.umbrellaauto.com

Some have credit unions as lenders, but try a local credit union as well.

Auto Loan Refinance – Save Money on Low Interest Rates Today Subprime Blogger (blog)

Unfortunately, there is no way for you to know what interest rate you are going to get on your auto loan refinance. The only way you will know with 100% certainty is to actually submit an auto loan application. You may get some estimates from lenders and online resources but you are not going to get a 100% accurate quote until you submit the application.

If you have a good credit score and have not missed any bill payments in the recent past you are going to find that you are a good candidate to refinance to a lower interest rate. Based on how many months you have left on your auto loan you could save up to $5000 over the course of the loan just by refinancing to a lower interest rate.

You can access many financial calculators online that will better help you understand how much money you are going to save. Once you have found out what interest rate you qualify for you can input the numbers and find out how much money you’ll save over the course of your loan and each month. Every extra dollar saved in the current economy is very important with many Americans struggling to make ends meet.

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