Lower Your Monthly Payments with Auto Refinancing
Car loan refinancing allows you to reduce your monthly payment, lower the amount of interest rate paid, or a combination of both. With MrFinanceBC.com you can start the process with our quick online application. Its a common mistake to believe a loan’s first terms were set in stone at signing. But even if you’re applying with less than perfect credit today, you may still be able to reduce your interest rate and monthly payments by refinancing your automobile.
Customers Refinance Their Car Loans for 3 Reasons:
- Lower Their Monthly Loan Payment
- Save in Total Interest Paid Over the Life of the Loan
- A Combination of the Above Two
Car Loan Refinance Example
Your current payment for a $30,000 auto loan at 13% interest is $602.22 a month for 72 months. After 36 payments, you’ve paid $17,873. After refinancing your loan to a new, 72-month loan at 13% interest, your monthly payments are reduced to $358.78 a month. Your refinanced loan saves you $243.44 per month!
How does it work?
Step 2.
We will find you the best deal!
After you complete your online application, you’ll be contacted by an auto financing specialist. They will go over the details of your application and give you some options for your new vehicle.
Step 3.
Drive away in your new car
Once you have reviewed your options, you can select the best deal and pick up your vehicle, or maybe even have it delivered right to your home for free.
