Auto loan rates are low (crazy low)
This sounds boring right? Why would you care if you already have a car?
Let me take a minute to tell you why this matters to you.
Did you know that with an auto broker you can refinance your pre-existing car loan and save $500, $700 or even $1000? This is similar to refinancing your mortgage but even more simple.
Why?
Unlike a home loan, you can refinance an auto loan and you don’t have to put any money down on the new loan. There are no financing costs, but there can be drastic savings in interest.
As an auto broker at H.M. Brown, I have access to over 120
different banks and credit unions for financing and can often get a lower rate
at your own bank than you could.
The same goes for refinancing. Very recently I have found
that a few of my banks offer refinancing options that can often cut interest
rates in half of what people are currently paying.
Here is a hypothetical loan for someone who still owes
$25,000 on their car.:
Let’s say they have a 3.49% interest rate and have about
five years (60 months) left on their loan. If you have very good credit, I’m
often getting interest rates down to at least 1.99% for the same length.
Making the switch through me (this rate is not offered to
the general public) would provide you $1,022 in interest savings.
Give me a call if you have an auto loanthat you would like to consider refinancing. It’s easy and I don’t charge you
for the service.
No comments:
Post a Comment