Ever wondered if you can refinance your car?
Updated: Aug 8, 2020
In 2019, more than 47% of all funded mortgage applications were refinances. That’s a crazy number if you think about it! One out of two mortgages in 2019 were not to buy a new house but instead to lower the monthly payments on your existing house.
The same is possible for auto loans! Only few people know it but you can indeed refinance your auto loan as well. Only 5% of all funded auto loans in 2019 were refinances.
Many Americans are leaving thousands of dollars on the table because they keep overpaying on their auto loans although they’ve long improved their credit or qualify for a lower rate.
Are you one of those people who overpay for their auto loan? If you have a car loan and haven’t looked into refinancing yet, you should do so now!
WithClutch.com is a fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.
Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.